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