Investment Overview

Centerpoint Plaza is a 100 percent occupied, multi-tenant retail center located in prime retail corridor in San Marcos, Texas. The property encompasses a total of 13,611 square feet of retail space and was constructed in 2004. Designed with a modern and functional layout, it is ideally suited for a variety of retail businesses. Anchored by a freestanding Starbucks's store with a drive-through, the center is 100 percent leased with a diverse tenant mix that includes locally popular businesses like Cody’s Restaurant, Hays County Outfitters, Two P's & Calli's Boutique, Hot Nails & Spa, and Butter/Sweet by Cody's. Cody's Restaurant has a patio area in the rear of the building for outdoor dining. Strategically located off the I-35 corridor in San Marcos, the property benefits from high visibility and prime exposure. It is ideally situated between the major metropolitan areas of Austin and San Antonio, two of Texas' largest markets, which increases traffic and consumer access. The center is directly across I 35 from San Marcos Premium Outlets and Tanger Outlets, the largest U.S. outlet center at over 1.2 million square feet and hosting 4.5 million visits annually, ensuring significant foot traffic. The property is less than one mile from Kissing Tree, a 1,300-acre, gated master planned community for adults 55 and older, featuring an 18-hole golf course, fitness center, indoor and outdoor pools, restaurant, social building, and more. The combination of its location and neighboring developments positions the property to capture a diverse demographic. The surrounding area has experienced notable residential growth, with new developments on the horizon such as Centerpoint Commons and Village at Centerpoint Station. The Centerpoint Commons project is located behind the subject property and will feature 363 multifamily housing units. Village at Centerpoint Station is a $58 million project located on the northwestern side of I-35 and Centerpoint Road, featuring 270 homes. The property is also located just six miles south of Texas State University, with an enrollment of over 44,500 students, providing a steady flow of potential customers. With excellent traffic counts on both I-35 (154,200+ VPD) and Center Point Road (11,175 VPD), the site enjoys unmatched exposure in one of the most rapidly growing regions of Central Texas.