490 State Hwy 123 Byp Seguin, TX 78155

Property Details for 490 State Hwy 123 Byp

Year built

2003

Lot size

2.27 lot acres

Property size

21,750 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 21,750-square-foot shopping center, situated on 2.268 acres in Seguin, Texas, presents a compelling investment opportunity. Built in 2003, the single-story, masonry-with-stucco-veneer building boasts 100% occupancy across eight units. The property benefits from a prime location on the main retail corridor of Highway 123 Bypass, near Alt Hwy 90, offering excellent visibility and accessibility. Its strategic location is further enhanced by its proximity to IH 10 & 130 Toll Road, serving a substantial trade area. The center is anchored by a Dollar Tree and shadow-anchored by a Walmart, attracting a diverse mix of local and national tenants. The property features ample parking (100 spaces), concrete drives, and a prominent pylon sign on Hwy 123. Recent improvements include a new total roofing system installed in July 2023, complete with a 5-year labor and workmanship warranty and a 20-year manufacturer's membrane warranty. Demographic data reveals a strong market with an estimated 30,000 people within a 3-mile radius, boasting an average household income of nearly $74,000 and a 64% homeownership rate within a 1-mile radius. Significant population growth is also evident, with a 20% increase from 2010 to 2023 and a projected 6.2% growth in the next five years. The property is zoned C-Commercial and offers a NNN lease structure with credit-rated, franchisee, and corporate-guaranteed tenants. The net rentable square footage is 21,542 square feet.

Location Insight

City

Seguin

County

Guadalupe

State

Texas

Longitude

-97.9421

Latitude

29.5667