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, Calli’s & Two P’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 and consumer interest. The combination of its location and neighboring retail developments positions the property to capture a diverse demographic.
- 100% OCCUPIED WITH NNN LEASES | AVERAGE RENTS ARE WELL BELOW MARKET
- The property is fully occupied, and tenants include a combination of unique local businesses and a strong national brand.
- ANCHORED BY STARBUCKS PAD SITE | FUTURE INVESTMENT FLEXIBILITY
- The freestanding Starbucks pad site offers potential for future value growth through possible replat or redevelopment. The Starbucks building is easily accessible and features a drive-through window.
- PRIME LOCATION ACROSS FROM THE NATION’S LARGEST OUTLET SHOPPING DESTINATION
- Located directly across the freeway from the San Marcos Premium Outlets and Tanger Outlets, the largest U.S. outlet center with a combined 1.2M square feet, the property benefits from exceptional foot traffic.
- STRONG DEMOGRAPHICS AND HIGH TRAFFIC COUNTS
- Located in a rapidly expanding market in between Austin and San Antonio, the property is surrounded by a growing population and high-income households. Traffic counts on I-35 and Center Point Road exceed 154,000 and 11,000 vehicles per day, respectively.
- LESS THAN 6 MILES SOUTH OF TEXAS STATE UNIVERSITY
- With Texas State University just six miles away, the property also benefits from a large student population (44,500+) contributing to its retail appeal.
- NEW HOUSING DEVELOPMENTS ADJACENT TO THE PROPERTY
- Two new projects are currently in development on the land around the property. Centerpoint Commons will include 363 new multifamily units, and Village at Centerpoint Station will include 270 new homes.
