Description

Jones Lang LaSalle ("JLL") is pleased to present the opportunity to acquire Southpark Meadows (the "Property" or the “Asset”), a 97.2% leased, 258,191 square foot Sam’s Club shadow grocery-anchored asset in Austin, TX along the high growth I-35 corridor. The Asset is part of the larger Southpark Meadows I and II complex, which totals a combined 1.2M SF and includes tenants such as Walmart and Super Target, generating over 18M annual visits.

Southpark Meadows offers investors a premier position in the thriving South Austin’s I-35 corridor, the city’s sole interstate. As the primary route between San Antonio and the DFW metroplex, the interstate acts as a backbone of growth where the Austin and San Antonio markets will eventually converge. The Property spans 15.91 acres and features a strong tenant lineup encompassing national brands such as Spec’s, Crunch Fitness, Cinemark, and Boot Barn alongside a complementary mix of regional and local operators.

The Property provides stable and predictable cash flow with a weighted average lease term of 5.9 years, 97.2% occupancy, and a rapidly growing, affluent trade area. The residential population within a 3-mile radius exceeds 98,000, with average household income above $120,000. Austin continues to lead major U.S. cities in economic growth, making this asset an exceptional opportunity for long-term value.

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