Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 100 percent occupied, 34,311-square-foot, multi-tenant shopping center located in the North Austin suburb of Pflugerville, Texas. The center is well positioned to serve a densely populated and affluent surrounding area. The tenant base is a complementary mix of internet-resistant, service-oriented business, restaurants, and religious centers including Valery Hair & Nails, Los Amigos Meat Market, Los Chicos Ice Cream, and Iglesia El Shaddai Church. Constructed in 2004 and renovated in 2013, the center is situated on 4.09 acres and includes 4 separate buildings. The subject property is in a prime location, positioned just off the intersection of Windermere Drive and West Pecan Street. West Pecan Street is a major connector between I-35 and SH-130 straight through the center of Pflugerville. Traffic volume on West Pecan Street is over 38,000 vehicles per day, and 4,800 VPD on Windermere Street. The property is also located near major national retail tenants such as Starbucks, Freddy's, Cinemark, H-E-B, Texas Roadhouse, and much more. Windermere Drive Retail Center is located in a highly affluent and densely populated area, with more than 275,000 residents within five miles and an average household income of $115,250. There is a well-balanced combination of power centers, strip centers, and neighborhood centers that surround the property and supply the perfect demographic for the tenant mix in the subject property. The property is also just down the street from the Pflugerville High School, Middle School, and Elementary School. The Pflugerville ISD performs strongly among Austin-area school districts such as Round Rock and Leander. Pflugerville is a city located primarily in Travis County, with a small portion in Williamson County. Pflugerville is a fast-growing suburb of Austin, situated just 14 miles northeast of downtown Austin. It is part of the Austin-Round Rock-San Marcos Metropolitan Statistical Area.