635 University Blvd, Round Rock, TX 78665

Shops at University is a Class "A" 6 tenant strip center located in Round Rock, Texas. Built in 2021, this fully occupied retail property features a drive-thru end cap and NNN leases with a service-oriented tenant mix of national, regional, and local operators. The property benefits from premier positioning fronting University Blvd, one of Round Rock's primary retail corridors, with 35,127 vehicles per day. The center offers healthy in-place cash flow with embedded rent growth across 75% of the GLA and a 5.5-year WALT with meaningful mark-to-market upside, as current rents are approximately 15% below market. The property provides ample parking at a 5.06:1,000 SF ratio and multiple points of ingress/egress off University Blvd.

Round Rock is one of the fastest-growing submarkets in the Austin MSA, demonstrating high barriers to entry with 96.7% retail occupancy and 23% rent growth since 2010. The area features affluent demographics and dense buying power, with average household income exceeding $136,794 within a 1-mile radius and 193,526 residents within a 5-mile radius. Surrounding national retailers include H-E-B, Goodwill, Crunch Fitness, Burlington, Starbucks, Chick-fil-A, Raising Cane's, CVS, and many more.