17420 N RR 620 | Round Rock, TX
$7,818,400
17420 Ranch Road 620, Round Rock, TX 78681
6.25
Cap Rate
488,650
Details:
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:
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Smyers_III__Point_at_620__retail_OM_091824r.pdf |
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