635 University Blvd - Storefront FOR SALE


Round Rock, TX 78665
$6,800,000 USD
254-548-6134
635 University Blvd, Round Rock, TX for Sale
$6,800,000 USD
Storefront - FOR SALE
1/8
null | 6% Cap Rate

635 University Blvd
Round Rock, TX 78665


OVERVIEW

11,462 SF Fully Occupied Class “A” 6 Tenant Strip in Round Rock, TX 2021 Construction Featuring Drive Thru End Cap Service Oriented Tenant Mix of National, Regional & Local Operators Premier Positioning Fronting University Blvd – One of Round Rock’s Primary Retail Corridors Healthy In-Place Cash Flow with Embedded Rent Growth Across 75% of the GLA 5.5-Year WALT with Meaningful Mark-To-Market Upside – Current Rents Approximately 15% Below Market Ample Parking (5.06:1,000 SF) and Multiple Points of Ingress/Egress Off University Blvd High Barriers to Entry Market I Round Rock is One of the Fastest Growing Submarkets in the Austin MSA I 96.7% Retail Occupancy & 23% Rent Growth Since 2010 Demonstrating Healthy Fundamentals Affluent Demographics and Dense Buying Power I AHHI Exceeds $136,794 within 1 Mile Radius;193,526 Residents Within 5 Mile Radius Surrounding National Retailers Include: H-E-B, Goodwill, Crunch Fitness, Burlington, Starbucks, Chick-fil-A, Raising Cane’s, CVS, and Many More

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at University

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,588 SF

ZONING

C-1A General Commercial

APN/PARCEL ID

R589888

ASK ABOUT THIS PROPERTY

Jack HicksSUMMIT REMore Info
254-548-6134

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Jack HicksSUMMIT REMore Info
254-548-6134

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