Investment Overview

San Marcos Square is a 8,250-square-foot, multi-tenant shopping center located in a dense retail corridor of San Marcos, TX. The center is 100 percent occupied with all triple net leases. The tenant base is a complementary mix of internet-resistant, service-oriented business, including FedEx, T-Mobile, Frulatti, and San Marcos Pain & Injury Centers. Constructed in 2013, the building is situated on a 0.73-acre lot with ample paved parking. A double-sided monument sign positioned at the frontage road entrance provides additional visibility to the center. San Marcos Square is located at the signalized, hard intersection of I-35 Frontage Road and Hopkins Street with multiple ingress and egress points. The subject property benefits from high freeway traffic counts off I-35 with approximately 130,015 vehicles per day. San Marcos Square is within close proximity to a Walmart Supercenter, and surrounded by many national and regional retailers including HEB, Dollar General, Auto Zone, Dollar Tree, Hobby Lobby, Tractor Supply Co, Game Stop, Raising Cane's and McDonald's. It is less than one half-mile from Texas State University. The university is the fifth-largest university in the state and serves an estimated enrollment of 38,800 students. The campus is comprised of over 245 buildings and situated on 492 acres along the San Marcos River. Surrounding demographics are strong with a population exceeding 69,140 residents within a five-mile radius, and an average household income of $51,068 within a five-mile radius. The city of San Marcos is located in central Texas and the county seat for Hays County. The city is located 30 miles southwest of Austin and 51 miles northeast of San Antonio along Interstate 35. The San Marcos Outlet Malls, comprised of the Premium Outlets and Tanger Outlets, are approximately five miles from the property and serve as one of the top tourist destinations in the state. Combined, the two adjacent malls offer more than 350 stores. During busy shopping seasons, shoppers at the malls nearly triple the city's population.