Mattress Firm (Austin MSA) San Marcos, TX

2319 Interstate 35
San Marcos, TX

Price: $2396000
Cap Rate: 7.00%
NOI: $167,668
Building Size: Approx. 2707 Sq. Ft.
Lot Size: Approx. 0.76 Acres
Type: Single-Tenant / Retail
Sub Category: Retailer
Year Built / Renovated: 2007 / 2015

Investment Overview

  • Renovated – 2,707+/- SF Building on .76+/- Acre Site
  • 12-Year Corp Net Lease beginning January 2016 w/ 10% Rent Bumps Every 5-Yrs
  • Located along Interstate 35 (129,000 Cars / Day), just S of Wonder World Dr (24,000 Cars / Day)
  • Outparcel to Sam’s Club | Near Chick-fil-A, Lowe’s,  Discount Tires, Chili’s, Starbucks, & Texas Roadhouse
  • Major Employers: Amazon Distr. Center (1,000 Empl.), CFAN (606 Empl.), HEB Distribution (700 Empl.), Hunter Industries (300 Empl.)
  • Points of Interest: San Marcos Premium Outlets (748,237 SF) |  Tanger Outlets (635,507 SF) | San Marcos River (River Tubing)
  • Texas State University (34,229 Enrollment) | One of the top ten cities in America for raising kids – BusinessWeek
  • San Marcos, TX is located 30-miles south of Austin, TX  | 3-Mile Average Household Income:  $51,645
  • Austin – Round Rock –  San Marcos (MSA): 35th Largest MSA in the US | Population: 1,883,051

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