The Shops at Williams Ranch | Georgetown, TX

Asset type: Strip Center, Neighborhood Center, Community Center · Location: Georgetown, Texas

Overview: The Shops at Williams Ranch is a 14.8-acre, 60,000 SF ground-up retail development strategically positioned at the northwest corner of Ronald Reagan Blvd and Williams Drive in Georgetown, TX—the fastest-growing city in the United States. The project will benefit from the adjacent 112,000 SF H-E-B (opening early 2026) and more than 12 surrounding master-planned communities driving sustained daily-needs retail demand. Investment Highlights: - Total Project Cost: $51.9 million - Equity Raise: $9.9 million LP Target - GP Co-Invest: 2.5% - Leverage: 81% LTC construction loan (10% current pay, 2% accrued) - Preferred Return: 10% annual, cumulative - Target IRR: ~23.6% (4-year hold) - Return of Equity: ~99% projected at refinance - Minimum Investment: $100,000 Tenancy & Preleasing: Pad sites under contract or in PSA with Eōs Fitness, Frost Bank, PNC Bank, Valvoline, and ClearWater Express Wash, complemented by service-oriented inline retail tenants. Retail fundamentals in the Austin MSA remain robust, with vacancy near 4.6% (historic lows) and 75% of new construction pre-leased market-wide. Market Drivers: - Georgetown population up 40% since 2020; fastest-growing U.S. city over 50,000 residents - Regional reach across Temple, Round Rock, and North Austin (1M+ residents) - Direct access to I-35 and SH-130 - Anchored by H-E-B’s new regional flagship, validating the site as a long-term retail node Sponsor Track Record (Hunington Properties): - 41 years in business | $1.2B AUM - 400+ completed developments | 82 active - Proven track record of retail performance across Texas, with IRRs ranging from 22% to 54% and MOICs from 1.5x to 2.8x. Summary: The Shops at Williams Ranch offers investors access to a premier retail development in a high-growth Central Texas corridor with institutional-grade tenancy, a strong sponsor, and compelling risk-adjusted returns.