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635 University BlvdRound Rock, TX 78665
635 University Boulevard
Asset ClassRetail
% Leased100%
Square Feet: 11,462Year Built: 2021Land: 1.35 AcresAccess Data Room
Fully Leased Unanchored Retail Center in Round Rock, TX | 2021 Construction with Below Market Rents
overview of deal

Overview

Cushman & Wakefield's Central Texas Private Capital Group is pleased to present to the market the opportunity to acquire 635 University Boulevard, an 11,462 square foot unanchored strip retail center located on the primarily retail corridor serving Round Rock, TX (Austin MSA). The high quality project was built in 2021 and is fully leased to a diverse and complementary mix of recession proof tenants. The property offers secured, stable cash flows with a 5.4 year WALT and contractual rent steps offering substantial NOI growth during the hold period. The property benefits from high traffic neighbors including Goodwill, Valvoline, and WhiteWater Express Car Wash along with major retailers located within one mile of the property which include HEB, IKEA, and the Round Rock Premium Outlet Malls. Please reach out to a team member to learn more about this opportunity.

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Investment Highlights

  • Fully Leased, Unanchored Strip Retail Center
  • High Quality Construction Built in 2021
  • Located on Primary Retail Corridor in Round Rock, 1 Mile From HEB, IKEA, and Round Rock Premium Outlets
  • Fully Leased to Diverse Mix of Recession Proof Tenants
  • Mark-to-Market Opportunity Within 10 Year Hold, Rents 15% Below Market
  • Exceptional Demographics
  • Below Replacement Cost in High Barrier to Entry Submarket

 

Property Description

Description
Property Size
11,462 SF
Land Area
1.35 Acres
Year Built
2021
Parking
+/-58 Spaces (5.06:1,000 NRSF)
Occupancy
100%
Tenant Count
6
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635 University BlvdRound Rock, TX 78665

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Listing provided by Revere CRE