For Sale
$3,633,000

180 Springtown WaySan Marcos, TX 78666

6,000 SF, 100% Leased, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional San Marcos, Texas retail property presents a compelling investment opportunity. The 6,000 square foot building, constructed in 2017, sits on a 34,495 square foot lot and boasts a 6.00% cap rate, generating a net operating income (NOI) of $218,016. Currently 100% occupied by two tenants in a net lease arrangement, this property offers a diversified income stream with scheduled rent increases. Located at 180 Springtown Way, San Marcos, TX 78666, this single-story building is zoned GC - General Commercial and enjoys a high-traffic location with excellent visibility. Its proximity to Texas State University and a major mixed-use student housing development ensures strong tenant demand and consistent occupancy. The property benefits from high traffic counts along Springtown Way and Thorpe Lane, near the intersection of East Hopkins Street and I-35, a major thoroughfare with a combined average annual daily traffic count of 153,520. This stabilized investment offers a compelling combination of strong cash flow, excellent location, and significant growth potential in a thriving retail area. The asking price is $3,633,000.

Highlights

  • Excellent high-traffic location in San Marcos, TX, near I-35 and Texas State University.
  • Excellent demographics due to proximity to Texas State University and major student housing.
  • Thriving retail area with high traffic counts on Springtown Way and Thorpe Lane.
  • Prominent I-35 exposure offering high visibility.
  • Close proximity to major housing complexes and Texas State University.
  • High-quality tenants in place under a net lease with scheduled rent increases.

Property Details for 180 Springtown Way

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Year Built
2017
Buildings
1
Stories
1
Units
2

Location Insight

City
San Marcos
County
Hays
State
Texas
Latitude
29.887288189749
Longitude
-97.922164621718
180 Springtown Way, San Marcos, Texas

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180 Springtown Way
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