New Retail Center For
3920 Williams Dr Georgetown, TX 78628
3920 Williams Dr, Georgetown, TX, 78628
$8,182,000
For Sale
$8,182,000
New 14,777 SF retail center in Georgetown, Texas.
Property Size14,777 SF
Lot Size1.87 Acres
Price / SF$553.70
Days on Market98
Property Features for 3920 Williams Dr
General Information
- Standard status
- Active
- Size
- 14,777 SF
- Lot size
- 1.87 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2025
Listing agency
Marcus & Millichap - Austin
(817) 932-6122
Listed by
Chris Gainey · License #License(s): TX: 612970
(817) 932-6122
Source
Marcusmillichap
Added: Apr 15 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 3:08AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
William’s Landing is a newly constructed, 14,777-square-foot, multi-tenant Class A retail center situated on a 1.87-acre parcel in Georgetown, Texas. Completed in 2025, the building features modern architecture with an end-cap drive through lane and offers frontage along Williams Drive. The tenant lineup is anchored by nationally recognized and internet-resistant concepts, including Einstein Bros. Bagels and Little Caesars (pending), alongside strong boutique dental, fitness, and service retail, creating a synergistic tenant mix. The rent roll is structured with long-term, triple-net leases and built-in rental escalations. The property is located along Williams Drive, a primary commercial and commuter corridor with traffic counts exceeding 30,584 vehicles per day. Adjacent commercial developments nearby include a new Tim Horton's restaurant being built directly to the west and Commercial National Bank of Brady to the east of the property. William’s Landing is also in close proximity to Georgetown Executive Airport, The Wesleyan Independent Living, The Oscar at Georgetown, and an H-E-B grocery-anchored shopping center. Just north of H-E-B, a new retail development with Sprouts & Petco is currently under construction at the corner of Williams Drive and Cedar Lake Drive. The property is located less than five miles from Sun City Texas, a premier 55+ active adult community with over 15,000 residents.
Key Highlights
- Newly constructed (2025) Class A retail center with modern architecture and an end‑cap drive‑through.
- Anchored by nationally recognized, internet‑resistant tenants like Einstein Bros. Bagels and Little Caesars (pending).
- Long‑term, triple‑net leases with built‑in rental escalations provide durable cash flow.
Local Financial Insights For 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 | $384.8k | $26.04 |
| − Vacancy | −$13.1k | −$0.89 |
| EGI | $371.7k | $25.15 |
| − OpEx | −$111.5k | −$7.55 |
| NOI | $260.2k | $17.61 |
14,777 SF · lease $26.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.72M
$3.25M – $4.34M
NOI $260,197 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.18M
$5.41M – $7.21M
NOI $432,401 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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- Williamsburg Village Center — 3010 Williams Dr, Georgetown, TX 78628
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FAQs
What type of property is this?
Shopping center - New 14,777 SF retail center in Georgetown, Texas.
Where is this shopping center located?
The property is located at 3920 Williams Dr Georgetown, TX.
What is the asking price?
The asking price for this property is $8,182,000.
What are key features of this property?
This property features: Newly constructed (2025) Class A retail center with modern architecture and an end‑cap drive‑through.; Anchored by nationally recognized, internet‑resistant tenants like Einstein Bros. Bagels and Little Caesars (pending).; Long‑term, triple‑net leases with built‑in rental escalations provide durable cash flow.
