Marcus & Millichap is pleased to present the opportunity to acquire a 100 percent occupied, 34,311-square-foot, multi-tenant shopping center located in the North Austin suburb of Pflugerville, Texas. The center is well positioned to serve a densely populated and affluent surrounding area. The tenant base is a complementary mix of internet-resistant, service-oriented business, restaurants, and religious centers including Valery Hair & Nails, Los Amigos Meat Market, Los Chicos Ice Cream, and Iglesia El Shaddai Church. Constructed in 2004 and renovated in 2013, the center is situated on 4.09 acres and includes 4 separate buildings.
The subject property is in a prime location, positioned just off the intersection of Windermere Drive and W Pecan Street. W Pecan St is a major connector between I-35 and SH-130 straight through the center of Pflugerville. Traffic volume on W Pecan Street is over 38,000 vehicles per day and 4,800 on Windermere Street. The property is also located near major national retail tenants such as Starbucks, Freddy’s, Cinemark, H-E-B, Texas Roadhouse, and much more.
- 34,311-Square-Foot, Multi-Tenant Retail Center | 28% Below Market Rent
- Substantially Below Cost of Replacement Priced at $204/SF
- Approximately 1,700 Units of Residential and Multifamily Units Currently Under Development Along With Roughly 244,000 SF of Office Under Development
- Fully Stabilized Asset | 100% Occupied with Mostly Triple-Net Leases
- Located at the Intersection of Windermere Drive (4,800+ VPD) and W Pecan Street (30,000+ VPD)
- Within 2 Miles of Timmerman Elementary School, Pflugerville High School, Pflugerville Middle School, Spring Hill Elementary School, PACE High School, Pflugerville Montessori, Firefly Community School, Harmony Science Pflugerville, Windermere Elementary School, Brookhollow Elementary School
- The Pflugerville ISD Enrolls Over 25,400 Students Across the District | Pflugerville High School Enrolls over 1,800 Students
- Amazon Fulfillment Center Located 4 Miles Away | Projected to Create 1,000 Full-Time Jobs
- Multiple New Retail Developments | 127,000 Square- Foot H-E-B Expansion Under Construction Less than 4 Miles Away
- Downtown East Project | 29-Acres With Multigenerational Recreation Center, Brand New City Hall, Inviting Civic Plaza, and an extended Man Street | 10,500 Square-Feet Retail Space
- Surrounding Area has Excellent Demographics | Over 275,415 Residents with an Average Household Income of $115,250 within a 5-Mile Radius
- Pflugerville is a Fast-Growing Suburb of Austin | Located Approximately 14 Miles Northeast of Downtown Austin
