Investment Overview

Pflugerville West Shopping Center is a 100 percent occupied, 67,231-square-foot, multi-tenant retail center located in the North Austin suburb of Pflugerville, Texas. All leases are triple-net, and 85 percent of the gross leasable area includes rent escalations. Anchored by Ashley Furniture, the tenant base is a complementary mix of internet-resistant, service-oriented businesses and restaurants including Generations Barbershop, Cigar & Tobacco Empire, High Society Relief, Glam Beauty Bar, Fast Signs, Signature Smiles Dentistry and Orthodontics, Enso Nails, Curry Kitchen, Chichos Cuban Pizzeria & Bakery, Cuban Groceries, Maya Grocery Boutique, and Down South Cajjun Eats. Constructed in 2006, the center is situated on a large 5.42-acre parcel with ample paved parking. Large pylon signage on the frontage road provides additional exposure to the center. The subject property is in a prime location, positioned on the Interstate 35 service road with excellent visibility. Pflugerville West Shopping Center benefits from multiple ingress and egress points and extremely high traffic counts of approximately 156,000 vehicles per day. The center is anchored by a top-performing Ashley Furniture, ranking in the 91st percentile based on annual visitors to Ashley stores in the state of Texas. The subject property is near many national and regional retailers including Cinemark 20 Theatres, Texas Roadhouse, H-E-B grocery store, Domino's Pizza, Sally Beauty, Goodwill, Burger King, McDonalds, 7-Eleven, Planet Fitness, Starbucks, and many others.