Description de l'actif
Jones Lang LaSalle Capital Markets Group (“JLL”) is excited to present the opportunity to purchase ±2.75-acres at Old Ranch Road 12 & Craddock (the “Property” or “Site”) in San Marcos, Texas just off the IH-35 corridor. The Site boasts an ideal location at the busy intersection of Old Ranch Road 12 and Craddock Avenue. Situated on the western side of the San Marcos MSA, it offers convenient access to downtown San Marcos via Old Ranch Road 12. This prime location is perfect for a retail development given residential homes, multifamily developments, and student housing surround it.
Caractéristiques de l'actif
Média
Points clés d'investissement
- Hard Corner
- Dense Residential Node
- Down the street from Hill Country Studios and Texas State University
Aside from Texas State University, other companies and employers are planting seeds in the San Marcos area. Hill Country Studios, a $267M film and television production facility, is scheduled to break ground this year or next. With 800K SF of studio space and 200K of production office space, this development anticipates amplifying activity in the immediate area. San Marcos has cemented itself as a shopping hub, with a vast outlet mall boasting over 240 retailers that blend luxury with popular brands. The city further enriches the retail landscape with an eclectic mix of boutiques, art, vintage markets, and specialized shops offering everything from trendy fashion to unique local crafts. Additionally, the area is increasingly recognized for its appeal to boutique retail ventures, complementing its established retail giants with a variety of smaller, distinctive shopping experiences. This diverse retail ecosystem attracts both local shoppers and tourists, making it a dynamic destination for retail exploration.
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