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