1830 Round Rock AveRound Rock, TX 78681

For Sale
$1,300,000

Fully Leased, High-Growth Area, Texas

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased Class B medical office condo located at 1830 Round Rock Avenue, Suite 100, in Round Rock, Texas, 78681. The property encompasses 2,799 square feet and is currently 100% occupied by a single tenant under a lease agreement. The asking price is $1,300,000, translating to a price per square foot of $535.91. The tenant is commencing year six of a ten-year lease term, beginning June 2024, offering significant lease stability. The lease includes annual rent escalations of 2% per year, providing consistent income growth. Furthermore, the lease agreement includes two five-year renewal options, ensuring long-term income potential. This property is situated in Williamson County, a rapidly expanding area within Texas, presenting a compelling investment opportunity with a projected 5.89% capitalization rate. The property's location in Round Rock offers access to a thriving medical community and a robust local economy. This fully leased medical office condo represents a secure and potentially lucrative investment in a high-growth market.

Highlights

  • $1,300,000 asking price for a 2,799 SF medical office condo.
  • Located at 1830 Round Rock Avenue, Suite 100, Round Rock, TX 78681.
  • Class B building with 100% occupancy.
  • Single-tenant, fully leased with a 5.89% cap rate.
  • Tenant has a 10-year lease (year 6 of lease term beginning June 2024), with two 5-year renewal options and 2% annual escalations.

Property Details for 1830 Round Rock Ave

Property type
Other office properties, Medical offices
Square Feet
2,799 SF
Class
B

Location Insight

City
Round Rock
County
Williamson
State
Texas
Latitude
30.511955450888
Longitude
-97.706002508271
1830 Round Rock Ave, Round Rock, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1830 Round Rock Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message