3941 Ih 35 San Marcos, TX 78666
- Lifestyle centers
- 17,672 SF
- 1.29 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3941 Ih 35
- Year built
- 2008
- Lot size
- 1.29 lot acres
- Property size
- 17,672 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Hays
- State
- Texas
- Longitude
- -97.9839
- Latitude
- 29.8275
