For Sale
$8,798,536

2080 Westinghouse Rd Georgetown, TX 78626

High-yield retail center, 100% occupied.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, 100% occupied.
Where is the lifestyle center located?
The property is located at 2080 Westinghouse Rd Georgetown, TX.
What is the asking price?
The asking price for this property is $8,798,536.
What are key features of this property?
This property features: 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.
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.
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2080 Westinghouse Rd
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