Vista @ 29 Retail

Price: $14,349,000
Sq. Ft.: 32,065
Built: 2022


Vista @ 29 Retail is comprised of two newly constructed, multi-tenant retail buildings that are a part of a 15-acre, mixed-use development in Georgetown, Texas. Vista @ 29 Retail is 100 percent leased, and all leases are triple-net. Retail Building 1 is approximately 19,190 square feet with tenants consisting of Munch Munch Waffles, Ronzoni’s Pizzeria, True Smile Orthodontics, Prime Dental, Bunch Pediatric Dentistry, Gavino Dermatology, The UPS Store, Koffe Café, and Cold Springs Liquor Store. Retail Building 2 is approximately 12,875 square feet with tenants consisting of an Asian Grocery Store, VIP Nails and Spa, Tutoring Center, and F45 Training.

  • 32,065-Square-Foot, Multi-Tenant Retail Center | Part of a Mixed-Use Development Featuring Retail and Office Condominiums
  • Fully Stabilized Asset | 100% Leased | All Leases are Triple-Net | Majority of the Leases are Personally Guaranteed
  • Current Average Rents are Well Below Market
  • Complementary Tenant Mix of Internet-Resistant, Service-Oriented Businesses | All are New Leases Ranging from 5-10 Years on the Primary Terms, and the Majority Include Scheduled Annual Rent Increases, Providing Year-over-Year Income Growth
  • Subject Property Consists of Retail Buildings 1 and 2 | New 2022 Construction Featuring Attractive Architecture
  • Adjacent to Office Building 1, a 22,400-Square-Foot, Two-Tenant Building (Not a Part) | Future Plans Include the Development of Three Additional Office/Retail Buildings
  • All Current and Future Buildings are Managed by Vista @ 29 Condominium Association (See Page Seven for Further Details) | The Subject Property has a Majority Voting Interest in the Association
  • Limited Landlord Responsibilities | Condominium Association Provides for Property Management, Maintenance, and Landscaping Services| Tenants Reimburse Landlord for Association Dues
  • Strategically Located on State Highway 29 in a Growing Area with an Extremely Affluent Population | Average Household Income within One Mile is $151,083 | $149,701 within Three Miles | $129,426 within Five Miles
  • Close Proximity to Several Master-Planned Communities | Adjacent to Orchard Ridge (248 Acres – 780+ Homes) | Santa Rita Ranch (3,700 Acres – 8,500 Homes) | Northgate Ranch (944 Acres)
  • Georgetown is a Rapidly Growing Austin Suburb Located 30 Miles from Downtown Austin | The City is Home to Southwestern University, the Oldest University in the State of Texas