Shops at Teravista is a 100 percent leased, 16,152-square-foot, multi-tenant retail center located in Georgetown, Texas. New 2024 Class A construction, the subject property features an attractive modern façade with a drive-through window on one of the end cap spaces. Tenants are a complementary mix of national and local retailers, including Tropical Smoothie Café, PetVet365, Dr. Sharma dental office, VIP Nails & Spa, Moonshine Yoga, a liquor store, and Barking Armadillo Brewery. All leases are triple-net, have personal guarantees, and include scheduled rent escalations during the primary terms.
The subject property is located on Westinghouse Road, near the intersection of FM 1460 Road/A.W. Grimes Boulevard. The center benefits from multiple ingress and egress points and has cumulative traffic counts of 40,370 vehicles per day. Adjacent pad sites include 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and White Blossom Pediatric Dentistry. Shops at Teravista is less than four miles away from Round Rock Premium Outlets, a 430,000-square-foot shopping mall featuring 125 stores, as well as Baylor Scott & White Medical Center – Round Rock. The medical center is currently undergoing a multi-phase renovation project, including construction of a new patient tower providing additional medical/surgical patient beds, a newly expanded ante- and post- delivery women’s unit, a new conference center, continuing medical education spaces, and administrative offices.
- New 2024 Class A, Multi-Tenant Retail Center Well Positioned in One of the Fastest-Growing Cities in the Nation Since 2022, According to the U.S. Census Bureau
- 100% Leased | All Leases are Triple-Net with Personal Guarantees | Majority are on New 10-Year Terms
- 100% of the Leases have Rent Escalations During the Primary Term, Providing Year-Over-Year Growth
- Tenants are Complementary Mix of National and Local Businesses | National Tenants Include Tropical Smoothie Café and PetVet365 | Tropical Smoothie Cafe End Cap Suite has a Drive-Through Window
- Near the Signalized Intersection of Westinghouse Road and FM 1460 | Easily Accessible from Multiple Ingress and Egress Points | Cumulative Traffic Counts Exceed 40,370 VPD
- Neighboring Pad Sites Include 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and White Blossom Pediatric Dentistry
- Surrounded by Dense Affluent Residential Developments, Including Terravista Master Planned Community and Golf Club (+/- 3,400 Homes and 900 Multi Family Units), Traditions and Heritage at Vizcaya Master Planned Community (+/-1,500 lots), and KB Home Overlook Ranch (+/-218 lots)
- Less Than Four Miles East of a Major Retail Trade Corridor Along Interstate 35, Including Round Rock Premium Outlets (430,000-SF Outlet Mall with 125+ Brand Name Stores), IKEA, Bass Pro Shops, HEB Plus, and Many More National Retailers
- Four Miles from Baylor Scott & White Medical Center – Round Rock | Currently Undergoing Multi-Phase Renovation
- Extremely Affluent Demographics | Average Household Income is $130,922 Within One Mile; $130,922 Within Three Miles; and $116,880 Within Five-Miles
- Location Benefits from Proximity to Austin’s Tech Corridor, Housing Tech Giants Such as Dell Technologies, IBM, Samsung, Emerson, Apple, and Others
