Investment Overview

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.