2080 Westinghouse RdGeorgetown, TX 78626

For Sale
$8,798,536

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 16,152-square-foot shopping center in Georgetown, Texas. The property, built in 2024, boasts a 6.00% cap rate and a strong net operating income (NOI) of $527,912. Currently 100% occupied by seven tenants under a triple-net (NNN) lease structure, this single-story building sits on a 2.32-acre lot at 2080 Westinghouse Rd, 78626. The location benefits from high visibility at a lighted intersection with a combined daily traffic volume exceeding 40,000 vehicles. The surrounding area demonstrates significant growth potential, with over 52,000 residents within a three-mile radius boasting an average household income exceeding $129,000. The property enjoys direct access to Westinghouse Road and convenient cross-access to AW Grimes. Its proximity to major retail destinations like IKEA, HEB Plus, Round Rock Premium Outlets, and Bass Pro Shops (generating over $100 million in annual sales) further enhances its appeal. The location is also adjacent to established master-planned communities, hospitals, colleges, and national retailers. The area's robust growth trajectory is underscored by the development of over 10,257 new residential lots, representing a 49% increase in single-family homes within the trade area. Projected annual population growth within five miles is 4.1% (2024-2029). This property offers a compelling combination of strong current performance and significant future growth potential. The asking price is $8,798,536.

Highlights

  • High-traffic location at a lighted intersection with over 40,000 vehicles per day.
  • Strong demographics: Over 52,000 residents within a 3-mile radius, boasting an average household income exceeding $129,000.
  • Excellent access via Westinghouse Rd, with convenient cross-access to AW Grimes.
  • Proximity to a major retail hub (IKEA, HEB Plus, Round Rock Premium Outlets, Bass Pro Shops) generating over $100 million in annual sales, located approximately 2.5 miles away.
  • Prime location adjacent to Terravista and Traditions at Vizcaya master-planned communities, plus hospitals, colleges, and national retailers.
  • Significant residential growth: Over 10,257 new residential lots under development, representing a 49% increase in single-family homes.

Property Details for 2080 Westinghouse Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,152 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
101,059 SF

Location Insight

City
Georgetown
County
Williamson
State
Texas
Latitude
30.5868358
Longitude
-97.658527
2080 Westinghouse Rd, Georgetown, Texas

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2080 Westinghouse Rd
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