1100 Grand Avenue - Storefront FOR SALE


Pflugerville, TX 78660
$5,000,000 USD
737-205-2056
1100 Grand Avenue, Pflugerville, TX for Sale
$5,000,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

1100 Grand Avenue
Pflugerville, TX 78660


HIGHLIGHTS

  • 100% Occupied: Internet-resistant tenant base of restaurants and service-oriented businesses with a generous parking ratio of 4.98 spaces per 1,000 SF
  • Upside by converting leases to Triple Net (NNN) and raising rents from $21.72 PSF (net) to $29 PSF NNN (per CoStar).
  • Dense population of 105,808 residents and $80,544 average household income within 3 miles.
  • Located at the corner of Grand Avenue Parkway and Royston Lane, just 1 mile east of I-35, with full access from both roads.
  • Frontage along Grand Avenue Parkway with 36,819 VPD, ensuring strong visibility and accessibility.
  • Pflugerville, in Travis County (Austin MSA), benefits from proximity to the high-tech industry and major shopping destinations.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the Grand Avenue Center, a 13,150 SF shopping center located in the northeast quadrant of the Austin MSA. Built in 2003, the property sits on a 1.94-acre parcel with a generous parking ratio of 68 spaces (5/1,000 SF). The center is 100% leased to a diverse mix of nine internet-resistant, service-oriented tenants. With rents well below market, the property provides investors with both stable cash flow and significant upside potential through future rent growth. The Grand Avenue Center is located in Round Rock, one of Austin’s fastest-growing submarkets and a major technology hub. The property benefits from excellent regional connectivity with convenient access to Austin-Bergstrom International Airport, downtown Austin, I-35 (165,081 VPD), and SH-45 (70,000 VPD). Strategically positioned at the corner of Grand Avenue Parkway and Royston Lane, the center enjoys strong daily traffic counts of 38,428 VPD and proximity to major employers and demand drivers, including Dell Corporate Headquarters, Dell’s Parmer South Campus, Pflugerville High School, La Frontera Shopping Center, and the planned $200M mixed-use development “The District.” This offering represents a rare opportunity to acquire a stabilized, well-located neighborhood shopping center in a high-growth Austin corridor with built-in upside. In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Avenue Center - Pflugerville, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,681 SF

ZONING

-

APN/PARCEL ID

782949

ASK ABOUT THIS PROPERTY

Ethan OffenbecherSands Investment Group Austin, LLCMore Info
737-205-2056

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Ethan OffenbecherSands Investment Group Austin, LLCMore Info
737-205-2056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.