Shops at Brick and Mortar
150 HEROES MEMORIAL DR., Kyle, TX, 78640, US
41,761 sf
Description
202 on the Square represents a unique opportunity to acquire a historic mixed-use asset comprising 19,052 SF in a prime location. The property features 13,141 SF (69%) of versatile commercial space and 5,911 SF (31%) of premium residential apartments. This fully renovated 1906 building combines historic charm with modern amenities, ensuring near-full occupancy and stable in place cash flow. Investors benefit from a diversified NNN commercial tenant roster, alongside residential units that generate top-of-market rents.
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Attributes
Year built
1906
Building area net
20,260 sf
Land area net
0.3 acres
Multifamily Units
8
Commercial Tenants
5
Media
Investment highlights
Irreplaceable Downtown Location
Walk score of 95 on the historic San Marcos Square, steps from Texas State University’s 40,000+ student campus.
Top Multifamily Rents in Submarket
Residential units achieve $2.34/PSF, a premium of over 40% relative to comparable non-student product.
NNN Structure Limits Landlord Exposure
All five commercial leases are structure on a triple-net basis with a 3% annual NNN escalations.
Historic Tax Credit Optionality
Eligible for combined federal (20%) and Texas state (25%) historic tax credits – up to 45% of qualified rehab costs.
Contact brokers
202 N LBJ (0 Properties)
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Last updated
Jul 7, 2026
