1342 Highway 290 E
Elgin, TX 78621
Walmart Anchored Retail Pad · Retail Property For Sale

The subject property is ideally located as an outparcel to a 170,000+ square foot Walmart. Situated at the junction of U.S. Highway 290 (25,988 AADT), an east-west arterial linking Austin and Houston, and Texas Route 95 (10, 942 AADT), the site benefits from excellent frontage and visibility along a highly trafficked corridor. Major tenants neighboring the shopping center include First National Bank, CVS, Sonic, Frontier Bank of Texas, Dairy Queen, Little Caesar' s Pizza, Taco Bell, H-E-B, and more. Development activity in Elgin is strong: construction is slated to begin in July 2017 of approximately 47,000 square feet of retail junior anchor boxes behind the center, including an 18,242 square foot Petsmart, 9,310 square foot Dollar Tree, and 5000 square foot Hibbets Sports, expected to open in 2018. Behind the Super Walmart and Frontier Crossing shopping center properties, Brohn homes is currently developing Saratoga Farms, a 220 lot single family subdivision. With no new residential lots currently available in Elgin, demand in the market for new single-family residences is high. Elgin, Texas, population 9,039, is a city in Bastrop and Travis counties and a suburb of Austin. Located just 20 miles from Downtown Austin, the city has benefited from strong growth in fastest growing metropolitan area in the nation. The city also benefits from a central location less than a two hours' drive from Houston and San Antonio. Long-term plans to link Elgin to Austin by passenger rail are currently under development. Over the last fifteen years, rapid economic and population growth have transformed the Austin-San Antonio region. Though not as overwhelming as some of its more densely populated neighbors, Elgin has seen a population growth rate of approximately 11.1% between 2010 and 2016, and Bastrop county grew 11.6% overall in this same period. As a result, development in Elgin has been on the rise. Over the next thirty years, the Austin area population is expected to double, further driving growth and development. Increased transportation access, a dynamic land use environment, lower than average housing prices, low cost of living, industrial zoning, and ample developable land are expected to drive growth in Elgin and Bastrop county as a whole.