Shops at Teravista - Building III — Sale in Georgetown, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Georgetown, TX 78626

Photos

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Investment Figures

Cap rate
6.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Shops at Teravista - Building III is a newly constructed 9,321-square-foot, Class A multi-tenant retail center situated in the rapidly growing community of Georgetown, Texas. Completed in 2025, the property features three demised suites that are fully leased, with build-outs accommodating medical (pediatric dentistry), grocery, and wellness tenants. All leases are on new 10-year, triple-net terms, and include scheduled rent escalations during the primary terms. Adjacent pad sites 7-Eleven, Dutch Bros Coffee, Guidepost Montessori, and a new multi-tenant center adjacent to the subject property (under construction) that will be anchored by Baylor Scott & White Institute for Rehabilitation. Market at 1460, a 55-acre mixed-use development, is currently under construction directly across Farm to Market Road 1460. 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. Investment Highlights: • NEW 2025, CLASS A CONSTRUCTION • 100% OCCUPIED WITH 10-YEAR NNN LEASES • EMBEDDED IN MASTER-PLANNED COMMUNITY • PRIME LOCATION NEAR TECH CORRIDORS AND OTHER MAJOR ECONOMIC DRIVERS

Market Context

This retail in Georgetown, TX is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Georgetown, TX — view the full market.

As of Q1 2026, the Austin retail market showed a 3.7% vacancy rate, and rents up 5.3% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Austin retail market tightening or softening?
Vacancy is around 3.7%, with asking rents rising year over year (Q1 2026).

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