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    3941 Ih 35 San Marcos, TX 78666

    For Sale
    Contact for pricing

    Value-add retail investment, high traffic

    Property size:
    17,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This Class A, 17,672 square foot shopping center in San Marcos, Texas, presents a compelling value-add investment opportunity. Located at 3941 IH 35 S, this single-story, 2008-built property boasts a 1.29-acre lot and 70 parking spaces. Currently 66% occupied (as of July 1, 2023) with five credit-rated tenants under NNN leases, the property offers significant upside potential. The center features six units within a multi-tenant environment, allowing for flexible lease arrangements and rent bumps. Its strategic location near the San Marcos Premium Outlets and Tanger Outlets, the largest outlet shopping center in the US and a major Texas tourist attraction drawing over 14 million shoppers annually, ensures high foot traffic and strong tenant demand. This irreplaceable asset offers a unique chance to capitalize on the thriving retail landscape of San Marcos. The property's strong fundamentals, combined with its prime location and value-add potential, make it an exceptional investment opportunity.

    Property Features for 3941 Ih 35

    General Information

    Property type
    Lifestyle centers
    Square Feet
    17,672 SF
    Class
    A
    Lot Size
    56,192 SF

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • Class A, 17,672 SF retail shopping center in San Marcos, TX.
    • Value‑add investment opportunity with a NNN lease structure.
    • Multi‑tenant property with five credit‑rated tenants and 66% occupancy as of July 1, 2023.
    • Located on 1.29 acres at 3941 IH 35 S, San Marcos, TX 78666, near San Marcos Premium Outlets and Tanger Outlets.
    • Features 70 parking spaces and allows for rent bumps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -97.983932748187
    Latitude
    29.827520387617

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    FAQs

    What type of property is this?
    Lifestyle center - Value-add retail investment, high traffic
    Where is this lifestyle center located?
    The property is located at 3941 Ih 35 San Marcos, TX.
    What are key features of this property?
    This property features: Class A, 17,672 SF retail shopping center in San Marcos, TX.; Value-add investment opportunity with a NNN lease structure.; Multi-tenant property with five credit-rated tenants and 66% occupancy as of July 1, 2023.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3941 Ih 35 San Marcos, TX 78666
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