Marcus & Millichap Brokers Sale of San Marcos Retail Center After Competitive Bidding

SAN MARCOS, TX, May 8, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Centerpoint Plaza, a fully occupied, multi-tenant retail center in San Marcos, Texas. 

“The San Marcos retail market continues to demonstrate strong fundamentals, with occupancy above 98 percent and consistent tenant demand driven by Texas State University and the I-35 corridor,” said Coleman Solomon, senior director investments. “This transaction generated multiple competitive offers and closed in less than 60 days, highlighting investor demand for stabilized assets with below-market rents and clear upside potential.” 

Solomon, Joseph Blanga and Philip Levy, investment specialists in Marcus & Millichap’s Austin and Dallas offices, exclusively marketed the property on behalf of the seller and procured the buyer, both local private investors.  

Centerpoint Plaza is located at 690 Center Point Road in San Marcos, Texas. The fully occupied retail center is anchored by a freestanding Starbucks with a drive-thru and includes a mix of national and local tenants such as Cody’s Restaurant, Hays County Outfitters, Two P’s & Calli’s Boutique, Hot Nails & Spa and Butter/Sweet by Cody’s. The property includes outdoor dining space and is positioned along a retail corridor serving both local residents and the Texas State University population.