Round Rock NNN Retail
For Sale
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1855 Gattis School Rd, Round Rock, TX
NNN retail property in Round Rock, Texas for sale.
Property Size13,813 SF
Lot Size1.90 Acres
Price / SF$453.04
Days on Market492
Property Features for 1855 Gattis School Rd
General Information
Standard status
Active
Size
13,813 SF
Lot size
1.90 Acres
Property subtype
RETAIL
Listing Agency:
SVN | Net Lease Texas
(469) 828-1950
Listed By:
Glen Berhow · License ##0602310
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Net Lease Texas
Investment Insights
Based on property information with market context.
This retail property, constructed in 2004, offers 13,813 square feet of space on a 1.9-acre lot. The property benefits from its location at a signalized intersection on a hard corner, with a traffic volume exceeding 44,000 vehicles per day. The surrounding area has a population of over 100,000 within a 3-mile radius and an average household income exceeding $82,000 within the same radius. The property is under a NNN lease with over 15 years remaining on the prime term. The lease includes eight 5-year options, each with a 2% rent increase.
Key Highlights
- NNN Lease provides a stable investment opportunity.
- Over 15 years remaining on the prime term.
- Benefit from (8) 5‑year options with 2% rent increases.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $414.4k | $30.00 |
| − Vacancy | −$12.4k | −$0.90 |
| EGI | $402.0k | $29.10 |
| − OpEx | −$100.5k | −$7.27 |
| NOI | $301.5k | $21.83 |
13,813 SF · lease $30.00/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.31M
$3.77M – $5.02M
NOI $301,469 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$3.68M
$3.22M – $4.30M
NOI $257,794 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,317 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Randalls Pharmacy — 2051 Gattis School Rd, Round Rock, TX 78664
- CVS Pharmacy — 1855 Gattis School Rd, Round Rock, TX 78664
- Hien Tran — 2051 Gattis School Rd, Round Rock, TX 78664
- Zenco | Organo Gold Distributor — 2100 Double Creek Dr #110, Round Rock, TX 78664
Frequently Asked Questions
What type of property is this?
Drug store - NNN retail property in Round Rock, Texas for sale.
Where is this drug store located?
The property is located at 1855 Gattis School Rd Round Rock, TX.
What is the asking price?
The asking price for this property is $6,257,800.
What are key features of this property?
This property features: NNN Lease provides a stable investment opportunity.; Over 15 years remaining on the prime term.; Benefit from (8) 5‑year options with 2% rent increases.
