4241 Sunrise Rd, Round Rock, TX 78665

Property Details for 4241 Sunrise Rd

Year built

2024

Lot size

1.07 lot acres

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a newly constructed (2024), 6,889 square foot Advance Auto Parts retail building situated on a 1.07-acre lot in Round Rock, Texas. The property boasts a 15-year absolute NNN lease with a corporate guarantee from Advance Auto Parts, one of the nation's largest auto parts retailers, generating over $16 billion in annual revenue. The lease commenced November 1, 2024, and expires November 1, 2039, offering a substantial remaining lease term of 15 years. The property features built-in rent increases, including a 5% bump in year 10 and 10% increases every 5 years during the three 5-year renewal options. The current annual net operating income (NOI) is $225,075, resulting in a compelling 5.65% cap rate. Strategically located near major highways I-35 and SH 45, at the intersection of University Boulevard and Sunrise Road (40,000+ combined vehicles per day), this property benefits from high visibility and significant traffic flow. The surrounding area includes prominent medical facilities like Baylor Scott & White Medical Campus and Ascension Seton Hospital, as well as Texas State University Round Rock and the Round Rock Outlet Mall. Round Rock's thriving economy is anchored by numerous Fortune 500 companies, including Dell, Whole Foods, and others. The asking price is $3,983,628, translating to a price per square foot of $578.26. This is a rare opportunity to acquire a high-performing, low-risk net lease investment in a rapidly growing Texas market. 100% occupancy ensures immediate cash flow.

Location Insight

City

Round Rock

County

Williamson

State

Texas

Longitude

-97.678989

Latitude

30.559787