180 Springtown Way - Freestanding FOR SALE


San Marcos, TX 78666
$3,633,000 USD
408-846-1031
180 Springtown Way, San Marcos, TX for Sale
$3,633,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

180 Springtown Way
San Marcos, TX 78666


HIGHLIGHTS

  • Excellent High Traffic Location with Interstate 35 Exposure
  • Excellent Demographics in a Thriving Retail Area
  • Close to Major Housing Complexes & Texas State University
  • Quality Tenants in Place
  • Stabilized Investment
  • 100% Leased

OVERVIEW

This Multi-Tenant asset within Springtown Plaza offers the opportunity for an investor to acquire a fully leased retail pad with scheduled rent increases in Austin’s largest suburb. This property is situated in a dominant retail zone less than half a mile from the flagship campus of Texas State University and is outparcel to a mixed-use student housing project. The asset benefits from a strong retail location within a growing retail hub, strong visibility with freeway-visible pylon signage, and excellent demographics. With excellent exposure along Springtown Way and Thorpe Lane near the junction of East Hopkins Street and I-35 (Combined AADT 153,520), an investor will benefit from scheduled increases in income, a diversified income stream, and asset appreciation with this property.

FOR SALE DETAILS

PRICE

$3,633,000 USD

PRICE/SF

$606 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Net Leased Two-Tenant Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,062 SF

ZONING

GC

APN/PARCEL ID

R94595

ASK ABOUT THIS PROPERTY

George RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-846-1031

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George RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-846-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.