Description

Jones Lang LaSalle (“JLL”) has been exclusively retained by KIPP Texas Public Schools to offer potential buyers and investors the opportunity to acquire KIPP IH- 35 (the “Property” or “Site”), a ±21.11-acre development Site currently improved with a former Sam’s Club/Walmart building that is presently utilized as a charter school. The Property is strategically located along the IH-35 corridor in southcentral Austin, Texas. Positioned on one of the region’s most heavily trafficked corridors (approximately 183,000 vehicles per day), the Site sits between Stassney Lane to the south and Teri Road to the north, providing excellent visibility and accessibility. The property is located in close proximity to the rapidly evolving St. Elmo District, an emerging redevelopment hub and one of south-central Austin’s most dynamic growth nodes. The Site also benefits from convenient access to several major thoroughfares, including US-71/US-290, William Cannon Drive, Pleasant Valley Road, and the highly sought-after South Congress (“SoCo”) corridor. Together, these roadways provide seamless connectivity to the broader Austin metro and the southern portion of the urban Austin core. With the St. Elmo District, South Congress, and multiple major employment and lifestyle destinations all within a 5–10-minute drive, the Property is well-positioned to capitalize on strong demand drivers in the area. This offering presents a compelling opportunity to either reposition the existing improvements or pursue redevelopment, allowing investors to capture increasing demand for mixed-use or retail development in one of Austin’s most active growth corridors.

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Attributes

Land area gross

21.22 acres

Zoning

GR-NP

Improvements

135,934 SF, 1 Story Building

Media

Investment Highlights

High-Visibility IH-35 Frontage: Strategically located along one of Central Texas’ most heavily trafficked corridors (approximately 183,000 VPD), offering exceptional visibility and direct access with strong regional connectivity across the Austin MSA.

Significant Parking & Accessibility: Originally designed to support high customer volumes, the property features ample on-site parking, multiple access points, and convenient ingress/egress from IH-35.

Strong Demographic Fundamentals: Positioned within a dense and rapidly growing trade area supported by favorable household income trends and continued surrounding residential development.

Compelling Retail Repositioning Opportunity: Well-suited for large-format retail users, experiential concepts, or multi-tenant conversion, capitalizing on strong corridor demand and limited availability of comparable space.

Proximity to Key Demand Drivers: Surrounded by established retail corridors, employment centers, and dense residential communities in South Austin, providing a consistent and growing customer base.

Flexible Acquisition Profile: Suitable for a wide range of buyers, including investors, developers, and owner-users seeking a scalable, well-located asset with significant repositioning upside.