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29484267
29483779

3777 Gattis School Rd, Round Rock, TX 78664

CB
TX 794055
Matthews
CS
CA 01982875
Matthews
Listed by Matthews
$3,900,000
128 days on market
Updated 87 days ago

Walgreens - Austin, TX MSA | $156K AHHI | 20.5%+ Pop Growth

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 8.30%
NOI $323,500
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 04/30/2029
Remaining Term 3
Lease Options Ten, 5-year
Price per SqFt $263
Year Built 2003
Acreage 1.820
Investment Type Net Lease
Tenant Credit Corporate Guarantee

8.30% Cap | 99th Percentile H-E-B Adjacent | 20.50%+ Population Growth | $156K AHHI

Investment highlights

  • Austin, TX MSA – This Walgreens is strategically located in Round Rock, TX, an affluent, high-barrier suburb within the Austin metropolitan area—one of the nation’s fastest-growing and most institutionally favored markets. Round Rock benefits from strong household incomes, sustained commercial development, a diversified employment base, and its role as the global headquarters of Dell Technologies, a foundational driver of long-term economic stability.

  • Rapidly Growing Trade Area – The surrounding 1- and 3-mile trade areas are projected to experience average population and household growth of 20.5% over the next five years, supporting ongoing consumer demand and increasing long-term foot traffic for Walgreens.

  • Affluent Community – Serving a high-income demographic, the property sits within a 3-mile radius where average household incomes exceed $156,868—driving strong retail spending and reinforcing tenant stability.

  • H-E-B Adjacent – Positioned directly next to H-E-B, Texas’s market-leading grocer, which ranks 99th percentile for foot traffic both nationally and statewide in the grocery category. This Walgreens benefits from a high-traffic, daily-needs retail corridor with a complementary mix of national and local tenants ensuring consistent consumer flow.

  • High-Visibility Location – Located at a signalized intersection with over 37,350 VPD and less than one mile from Interstate 45 (60,000+ VPD), the site offers excellent visibility, access, and drive-by exposure.

  • Significant Commercial Development Activity – Round Rock continues to experience robust development, including “The District,” a $500M mixed-use project set to deliver 2M SF of office, 150K SF of retail, and 1,500+ residential units. Ongoing investment by Dell Technologies and widespread industrial growth further reinforce the area's economic strength and job diversity.

*Conrad Sarreal In conjunction with Matthews™, a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

Listing Contacts

CB
TX 794055
Matthews
CS
CA 01982875
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$323,500.00
$26,958.33/mo

Valuation Metrics

0
DSCR
8.29%
Cap Rate
8.29%
ROI

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Additional Information

Name
Patrick Graham
License
9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Name
Christian Becker
License
794055
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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