15069 Interstate 35 N
Selma, TX 78154
Forum Pointe | 97% Occupied | I-35 Frontage · Retail Property For Sale

The site benefits from its location across from The Forum At Olympia Parkway, a regional power center (1.2 MM SF | 97% Occupied), anchored by Target, Cost Plus World Market, T.J. Maxx, Ross Dress for Less, and many more. The shopping center features more than 100 tenants, which increases consumer draw to the immediate subject trade area. Despite the property’s location on the Interstate 35 frontage road, the property has superior access compared to the adjacent properties. The property is accessible to the I-35 exit on/off-ramp and has direct access to Old Austin Road, allowing customers to loop back around into the rear of the parking lot. Forum Pointe is located along Interstate 35 with 174,000 cars per day. Additionally, the subject property is less than a mile away from State Highway 1604 with 95,000 cars per day. The site is part of a 10-acre tract that will feature a newly developed Pluckers Wing Bar and a limited service hotel with 80 rooms is currently proposed. Other nearby national/credit tenants include Walmart, The Home Depot, Costco, Regal Cinemas, and more, which will further increase consumer draw to the subject trade area. The project is 1 mile away from the Live Oak Town Center, an 870,000 SF development that will be anchored by a 289,000 SF IKEA (set to break ground in 2018). Within the 5-mile trade area, more than 198,000 residents and nearly 59,000 employees support the trade area. The 5-mile average household income is at $80,700 with many families having a disposable income.