455 University

455 University Blvd, Round Rock, TX, 78665, US

Description

Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire 455 University Blvd, a 12,880‑square‑foot, 100%‑leased multi‑tenant retail asset positioned along Round Rock’s dominant University Boulevard corridor. The Property offers a 5.3‑year WALT and a highly durable tenant roster composed of 83% national credit retailers, benefiting from exceptional visibility with over 44,000 vehicles per day and adjacency to major regional anchors including H-E-B, Ross, PetSmart, Specs, and the Austin metro’s only IKEA.

The Round Rock submarket boasts some of the strongest fundamentals in the Austin MSA, with 96.7% average retail occupancy, 23% rent growth since 2020, and 10% population growth since 2020, all contributing to long‑term stability and tenant demand. With a 24.6% mark‑to‑market opportunity embedded in current rents, combined with the Property’s prime location and fully stabilized occupancy, 455 University Blvd presents a compelling opportunity to secure durable cash flow with meaningful future NOI upside in one of Central Texas’ top‑performing retail corridors.

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Attributes

Building area net

12,880 sf

Occupancy

100%

Year built

2016

WAULT

5.3 years

Media

Investment Highlights

100% OCCUPANCY WITH STRONG NATIONAL CREDIT TENANCY

100% occupied with a 5.3‑year WALT, supported by a durable tenant lineup that is 83% national credit retailers

MEANINGFUL MARK-TO-MARKET UPSIDE

Current in‑place rents sit approximately 24.6% below market rental rates

EXCEPTIONAL FRONTAGE & HIGH VISIBILITY

Situated on University Boulevard, a major east-west connector experiencing 44,000 vehicles per day

PREMIER POSITIONING ON A DOMINANT RETAIL CORRIDOR

Strategically located along Round Rock’s main retail artery, just off I-35 and surrounded by major national tenants including Ikea, Ross, PetSmart and Specs

HIGH GROWTH ROUND ROCK MARKET WITH EXCELLENT FUNDAMENTALS

Round Rock remains one of the fastest-growing cities in the Austin MSA, with 10% population growth since 2020, average household incomes exceeding $110K, and a submarket retail occupancy of 96.7%