17420 R R 620, Round Rock, TX 78681

Property Details for 17420 R R 620

Year built

2023

Lot size

1.33 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully leased, 15,000-square-foot shopping center in Round Rock, Texas. Built in 2023, the property boasts a 100% occupancy rate with five tenants on triple-net (NNN) leases, generating a strong net operating income (NOI) of $488,650 and a 6.50% capitalization rate. The asking price is $7,518,000. Situated on a 1.328-acre lot, this single-building center features two desirable end caps and a drive-thru, maximizing its leasability and appeal. The tenant mix includes established national brands like Pet Supplies Plus, Tropical Smoothie Café, and HotWorx, alongside rapidly growing local businesses, GRIT Fitness and 620 Liquor. This prime location on North Ranch Road 620, a major thoroughfare with nearly 40,000 vehicles daily, benefits from high visibility and convenient access. The property is strategically positioned within a thriving retail corridor, close to key area drivers such as H-E-B, St. David's Round Rock Medical Center, and Round Rock High School, ensuring consistent traffic. Furthermore, the affluent demographics within a five-mile radius, boasting an average household income exceeding $120,000 and average buying power over $70,000, provide a strong and stable market for the center's tenants. The property's proximity to both Downtown Round Rock (a 10-minute drive) and Downtown Austin (30 minutes away) further enhances its investment potential. Rent bumps are dependent on individual tenant negotiations. The Williamson County property features APN R637405 and is a compelling investment for those seeking a high-performing, multi-tenant retail asset in a rapidly growing Texas market.

Location Insight

City

Round Rock

County

Williamson

State

Texas

Longitude

-97.7273

Latitude

30.4916