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IHOP | San Marcos, TX 1113 N I-35 Fwy 4,191 SF Retail Building San Marcos, TX 78666 $2,400,000 ($572.66/SF) 7.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Successful IHOP Location since 2001
- Conveniently located on Interstate 35 Frontage Road which Averages 124,500 Vehicles Per Day
- A Half-Mile from Texas State Bobcat’s Football UFCU Stadium
- One Year Remaining on the Current Term
- Neighboring The Lyndon, San Marcos’s Premier Student Housing Facility, and Springtown Center
- Dense, High-Growth Trade Area: Ideally located directly between Austin and San Antonio along Interstate 35
EXECUTIVE SUMMARY
Great Repositioning Opportunity | 1 Year Remaining on Lease | High-Traffic I-35 Frontage Location | Near Texas State University (40,000+ Students)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,191 SF
Building Class
B
Year Built
2000
Price
$2,400,000
Price Per SF
$572.66
Cap Rate
7.80%
NOI
$187,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.38 AC
Parking
45 Spaces
Frontage
194’ on I-35 Fwy
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R94598 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,290,000 |
PROPERTY TAXES
Parcel Number
R94598
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,290,000
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IHOP | San Marcos, TX | 1113 N I-35 Fwy
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