17420 N RR 620 | Round Rock, TX

17420 Ranch Road 620, Round Rock, TX

$7,818,400

Price

6.25%

Cap Rate

$488,650

NOI

Overview
Cap Rate
6.25%
NOI
$488,650
Building Size
15,000 sqft
Lot Area
1.328 acres
Lease Type
Triple Net
Year Built
2023
Description

MULTI-TENANT LEASE INVESTMENT
• The investment is fully occupied by five tenants, all of which are on NNN leases.
• The property features two end caps and a drive thru maximizing the leasability of the center.

AFFLUENT DEMOGRAPHICS NEAR DOWNTOWN
• This property is located near the Cat Hollow neighborhood, which is 2.5 miles or 10 minutes from Downtown Round Rock.
• The area within a five-mile radius boasts an average household income of over $120,000 with an average buying power over $70,000

SITUATED IN RETAIL CORRIDOR
• The property is nestled within a retail-dense portion of N Ranch Road 620 between TX-45 Toll and IH-35.
• Area drivers such as H-E-B, St. David’s Round Rock Medical Center, and Round Rock High School are all within one mile and will drive traffic to the center.

NATIONAL BRANDS WITH ROOM TO GROW
• Pet Supplies Plus, Tropical Smoothie Café, and HotWorx are established brands with decades of operating success.
• GRIT Fitness and 620 Liquor have demonstrated aptitude for rapid growth throughout Central Texas.

HIGHLY VISIBLE FROM HIGHWAY
• This property is well positioned just off N Ranch Road 620, which carries nearly 40,000 vehicles per day.
• The property benefits from its positioning on N Ranch Road 620, which serves as an alternative route connecting TX-45 Toll and IH-35.

AUSTIN METROPOLITAN SUPPORT
• The property is located within the Austin, the 10th largest metro in the United States
• The site benefits from being just 30 minutes from Downtown Austin and 20 minutes from Downtown Georgetown.

Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery