Market at Georgetown

Price: $8,500,000
Sq. Ft.: 55,110
Cap Rate: 6.46%
Built: 1996

Marcus & Millichap is pleased to offer the opportunity to acquire a 55,110-square foot, multi-tenant retail center in a dense retail corridor that enjoys high traffic counts located in Georgetown, Texas. Market at Georgetown is currently 91 percent occupied, and all leases are triple-net. The center is a complementary mix of internet-resistant, regional credit tenants, consisting of House of Gainz Gym, Double Dave’s Pizzaworks, Pok-e-Joe’s Smokehouse, Zodi’x Cigar Lounge, and Golf Ranch. The center was constructed in 1996, renovated in 2015, and is situated on a 6.47-acre lot.

  • 55,110-Square Foot, Multi-Tenant Retail Center
  • Constructed in 1996 | Renovated in 2015 | Situated on a Large 6.47-Acre Lot
  • 91% Occupied | All Leases are Triple-Net | Upside Potential in Filling Vacant Suite
  • Current Rents are Below Market
  • Complementary Mix of Regional Credit, Internet Resistant Tenants
  • High-Trafficked Freeway Location along I-35 on North Austin Avenue | Traffic counts on I-35 Exceed 100,000 Vehicles per Day and 16,100 Vehicles per Day on North Austin Avenue
  • Multiple Ingress and Egress Points Provide Easy Access to the Property
  • Located in a Dense Retail Corridor with Numerous National Retailers Nearby
  • Population Exceeds 75,291 Residents Within a Five-Mile Radius
  • Affluent Area | Average Household Income is $97,529 Within a Five-Mile Radius
  • Georgetown is Currently the Seventh Fastest-Growing City in the Country
  • In Close Proximity to Southwestern University, the Oldest University in the State of Texas | Enrollment is Approximately 1,500 Students
  • Less Than Three Miles from Inner Space Caverns | A Popular Tourist Destination in the Area