Exterior
Street
Access
Interior
Aerial

Retail · 11,800 SF · 100.0% occupied

Neighborhood retail center, 6 suites

Round Rock, TX

Price

$2,450,000

Cap rate

7.2%

Listed by

Northline Capital Partners · Institution

Status

Under Contract · 52 days

First look

Why did this opportunity deserve a deeper look?

Asking: $2.45M; Listing
Cap rate: 7.2%; Listing
Anchor: National credit tenant through 2031; Listing
WALT: 5.4 years across the rent roll; Listing
Reserves: Roof replaced 2022 · no near-term capex; Listing

Lorthen Intelligence

The listing tells you what it is. Intelligence helps you understand what it means.

Asset type: Retail · Retail center · NNN; Listing
Building: 11,800 SF on 1.4 AC; Listing
Tenancy: National credit · 100.0% occupied; Listing
Lease structure: NNN; Listing
Term / WALT: 5.4 years across the rent roll; Listing
Landlord obligations: Confirm structure and reserves in the lease; Listing

Occupancy and structure are stated by the seller; the rent roll and leases govern.

The Lorthen View

The asset is offered at a stated 7.2% cap on $220,800 of NOI with 100.0% occupancy under NNN structure. The reference band is round rock neighborhood retail traded at 6.6–7.4% cap last year; income durability rather than headline cap decides the outcome.

What stands out

Stated cap sits against the referenced band
Income durability depends on term and credit

What deserves attention

Structure shifts operating exposure to the tenant
Stated NOI is unverified

What is still missing

Tax record — requested
Rent roll — requested
Leases — requested
Financial statements — requested
Estoppel certificates — not provided

Missing information does not make an asset weaker. It marks what a serious buyer may want to investigate.

Demo · fixture evidence. No CORE service, valuation model or public-record feed is connected.

Market context & comparables

A reference is a starting point, not a valuation. Comparable quality — size, condition, structure and timing — decides what the difference means.

This asset

7.2% cap

Local reference

6.6–7.4%

Round Rock · same structure
6.8% cap
NNN · National credit
Closed, 6 mo ago
Round Rock · shorter term
7.7% cap
NNN · regional tenant
Closed, 9 mo ago
Corridor · multi-tenant
8.1% cap
NNN · rollover within 3 yrs
Closed, 12 mo ago

Days on market: 52; Listing
Listing history: One price adjustment recorded; Listing
Reference: Round Rock neighborhood retail traded at 6.6–7.4% cap last year; Market data
Assessment context: $2.16M (2025 fixture); Public record

Location intelligence

Approximate position shown at listing-party permission

Map metric

Submarket: Round Rock, TX; Listing
Access: Municipal street network; Listing
Corridor: Round Rock neighborhood retail traded at 6.6–7.4% cap last year; Market reference
Parcel: Point placement only; Lorthen

Nearby context

—Grocery anchor
—Traffic count node
—Competing centre
—Highway interchange

Demo · fixture geography. No parcel, GIS, school or amenity service is connected.

Property & asset detail

Essentials first. Expand a group when a question requires the deeper record.

Asset facts

Asset type: Retail; Listing
Status: Under Contract; Listing
Building size: 11,800 SF; Listing
Parcel: 1.4 AC; Public record
Occupancy: 100.0%; Listing
Lease structure: NNN; Listing

History & provenance

Jul 2026Listed on Lorthen Markets · $2,450,000Listing
Jul 2026Price adjustment · $2.57M → $2.45MListing
2025Assessment · $2.16M (fixture)Public record
2021Previous transaction · $1.81MPublic record

Documents & diligence status

Documentation adapts to the asset class. Each item records its state, where it comes from and which part of diligence it informs.

Property details
Available
Listing record as published
Listing party · Aug 2026 · Asset record
Tax record
Requested
County record not attached to the fixture
County / municipal · On request · Public record
Offering memorandum
Available
Prepared by the listing party
Listing party · Aug 2026 · Economics
Rent roll
Requested
Released with a confidentiality agreement
Listing party · On request · Lease & income
Leases
Requested
Full executed leases and amendments
Listing party · On request · Lease & income
Financial statements
Requested
Trailing operating statements
Listing party · On request · Economics
Site plan
Available
Included with the offering materials
Listing party · Aug 2026 · Asset record
Estoppel certificates
Not provided
Ordered during contract
— · — · Lease & income

Document contents are not read or extracted in this prototype. The structure supports future extraction without changing the surface.

Known · missing · needs verification

Property factsKnown
Asset record
Comparable contextKnown
Market
Tax historyNeeds verification
Public record
Property detailsAvailable
Asset record
Tax recordRequested
Public record
Offering memorandumAvailable
Economics
Rent rollRequested
Lease & income
LeasesRequested
Lease & income
Financial statementsRequested
Economics
Site planAvailable
Asset record
Estoppel certificatesNot provided
Lease & income
Lease abstractRequested
Lease & income
Tenant guaranteeNeeds verification
Credit

Nothing here is weighted, ranked or completed on your behalf. Missing information does not make an asset weaker — it marks what is worth investigating.

Questions worth answering

What the available evidence suggests a serious buyer should investigate before committing time or capital to this commercial opportunity.

Demo · fixture questions. Not generated from live intelligence.

01
How durable is the current NOI?
Stated NOI is a listing figure until statements and the rent roll confirm it.
Income
02
What happens to the economics at lease rollover?
Remaining term and escalations decide what the buyer actually owns.
Lease
03
Who guarantees the lease?
A corporate guarantee and a franchisee guarantee are different assets.
Credit
04
What capital obligations remain with the landlord?
Structure determines whether roof, structure and parking sit with the buyer.
Obligations
05
What is the underlying real estate worth if the tenant leaves?
Tenant quality and real-estate quality must be investigated separately.
Real estate

Who is offering this

Institution

Northline Capital Partners

Institutional seller. Offering materials are released through the listing team.

Typical response · Typically responds within one business day (fixture)

Seller identity, representation and response behaviour are fixture values shown to demonstrate the disclosure surface. No contact channel is connected.