Investment Overview

Shops at Teravista is a 100 percent leased, 16,152-square-foot, multi-tenant retail center located in Georgetown, Texas. New 2024 Class A construction, the subject property features an attractive modern façade with a drive-through window on one of the end cap spaces. Tenants are a complementary mix of national and local retailers, including Tropical Smoothie Café, PetVet365, Dr. Sharma dental office, VIP Nails & Spa, Moonshine Yoga, a liquor store, and Barking Armadillo Brewery. All leases are triple-net, have personal guarantees, and include scheduled rent escalations during the primary terms. The subject property is located on Westinghouse Road, near the intersection of FM 1460 Road/A.W. Grimes Boulevard. The center benefits from multiple ingress and egress points and has cumulative traffic counts of 40,370 vehicles per day. Adjacent pad sites include 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and White Blossom Pediatric Dentistry. Shops at Teravista is less than four miles away from Round Rock Premium Outlets, a 430,000-square-foot shopping mall featuring 125 stores, as well as Baylor Scott & White Medical Center - Round Rock. The medical center is currently undergoing a multi-phase renovation project, including construction of a new patient tower providing additional medical/surgical patient beds, a newly expanded ante- and post- delivery women’s unit, a new conference center, continuing medical education spaces, and administrative offices.