1105 Mays ST, Round Rock, Texas, United States, 78664

1,625,000
for Sale
23,086.8

About the property:

Rare stabilized NNN investment opportunity on Round Rock's premier commercial corridor, 1105 S. Mays Street, 5,025 SF, 4-suite multi-tenant commercial building on 0.53 acres, C-1 zoning, 100% occupied. Three of four tenants on NNN leases have taxes, insurance, and CAM passed through above the base year, minimizing landlord expense exposure. Gross income $9,584/month ($115,008 annually) from day one. Price: $1,725,000 ($343/SF) priced below corridor comparables and well below the Round Rock retail market average of $869/SF. 26 on-site surface parking spaces, 5.0 ratio. Flood Zone X OUT (1,636 ft to 100-yr flood plain, FEMA confirmed). Built 1997, brick veneer/frame, C-1 General Commercial zoning. Ideally positioned 0.75 miles north of Downtown Round Rock and approximately 1 mile from Dell Technologies World Headquarters and Switch Inc. hyperscale data center campus. Williamson County top-ranked growth county in Texas. 1-mile population projected +12.4% by 2030. 3-mile median household income $89,978. Excellent 1031 Exchange candidate stabilized NNN income, diversified tenant base, staggered lease expirations. Value-add opportunity: one MTM gross lease conversion to NNN term increases NOI with no capital investment. Tenant and suite details available upon execution of the confidentiality agreement. Showing by appointment only listing agent must be present. 24-hour advance notice required.
Property Type:
Retail
Status:
for Sale
House Style:
Other
Acres:
0.53
Square Feet:
5025
Area:
RRE
Subdivision:
Southview Add
Heating Type:
0
Directions:
Traveling S on Mays St from the Downtown Round Rock property on the right approx 0.75 mi south of Main St. Monument sign reads 1105. Park in the front lot.
Is Building:
Yes
Is Investment:
Yes
Is Multi Tenant:
Yes
Is Market:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Retail:
Yes
Annual Property Taxes:
19,572.25
Listing ID:
9006443

Rooms

Dimensions

Brokered by:
Central Metro Realty Llc
Presented By:

Rita Vera

Sales Representative

Central Metro Realty LLC