4234 S I 35 Frontage rd - Freestanding FOR SALE


San Marcos, TX 78666
$5,841,000 USD
415-481-0788
4234 S I 35 Frontage rd, San Marcos, TX for Sale
$5,841,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

4234 S I 35 Frontage rd
San Marcos, TX 78666


HIGHLIGHTS

  • New 10-year net lease with five, 5-year option periods
  • Scheduled approximate 10% rental increases at the beginning of each option period
  • One of the fastest-growing companies in retail, Harbor Freight Tools has more than 28,000 Associates and more than 1,400 stores nationwide
  • During 2022, the company launched 500+ new tools and products and added 122 new stores
  • New high-quality 2023 construction built to latest Harbor Freight Tools prototype
  • Ample parking on a large 1.96-acre parcel

OVERVIEW

Easily accessible location along I 35 Frontage Road with an additional access point from Gregsons Bend High-visibility from Interstate 35 / Monarch Highway (143,995 AADT), a major north-south Texas thoroughfare extending from the Texas-Mexico border and passing through San Antonio, Austin, and Dallas Excellent proximity to the San Marcos Outlet Malls (combined 240+ stores and 1.2 million SF of retail space), one of the top tourist attractions in the state that welcomes 14 million annual shoppers and triple the population of San Marcos during peak seasons Surrounded by high-density single-family housing developments 45,064 residents live within five miles of the property, providing a reliable customer base for the site Excellent average annual household income of $116,435 within a one-mile radius of the property The nearby Kissing Tree (1,300-acre master planned, gated retirement community with an estimated 3,000 homes) and Alta Center Point (330 apartment homes) communities will prove to be a dependable source of affluent customers for this Harbor Freight Tools Centrally located between San Antonio (2,454,000 population) and Austin (2,228,000 population), allowing the site to capture immense amounts of commuter traffic

FOR SALE DETAILS

PRICE

$5,841,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Freight Tools

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

-

APN/PARCEL ID

74-0098-0032-01,R13083

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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