Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the exclusive opportunity to purchase 202 N LBJ (the “Property”), an iconic mixed-use asset located 30 miles south of Austin in San Marcos, Texas. Currently 100% leased, the three story, 20,260 square foot property features approximately 15,074 square feet of ground floor retail below nearly 5,186 square feet of high-end apartments (7 units). Anchored by Texas State University which features a total enrollment in excess of 37,000 students, San Marcos was ranked as the fastest growing city in the U.S between 2013-2015 and has seen population growth of 29% since 2010.
The Property is prominently located in the San Marcos Square, on the corner of LBJ Drive and East Hopkins Street, providing tenants and residents with a premier address in the heart of downtown San Marcos. 202 N LBJ presents investors with a unique opportunity to acquire a stabilized mixed-used asset located in the heart of downtown San Marcos with near-term value enhancement through mark-to-market opportunities.
- Historic Mixed-Use Asset with Value-Add Optionality
- Premier Location in Downtown San Marcos
- Prominent Surrounding Demand Drivers
- Dynamic Retail Market
- Consistent Multifamily/Student Housing Demand
- Robust Economic Growth in San Marcos