1906 S Colorado St
Lockhart, TX 78644
Lockhart Retail Center · Retail Property For Sale

The subject property is ideally located as an outparcel to a 121,000 square foot Walmart Supercenter and fully leased to a mix of national and regional tenants including AT&T, Domino' s Pizza, Crescent Dental, Fred Loya Insurance Corporation, Great Clips Salon, and Modern Nails . Situated on U.S. 183 (AADT 16,998), a major north-south arterial, the property benefits from strong visibility and a highly trafficked location. The Lockhart City council has proposed measures to increase development and improve traffic and walkability along U.S. 183 (Colorado Street), further driving business in the area. Development activity in Lockhart and Caldwell county remains high: nearly thirty properties in the area have been purchased with the intent of development. One developer, Walton Management, has proposed nearly 7,500 acres of mixed use developments throughout the county. Centerpoint at Lockhart, a 271-acre mixed-use development currently underway approximately five miles from the subject property, will provide 169 acres of retail and industrial space and 103 acres of residential use. Lockhart, Texas, population 13,446, is the county seat of Caldwell county, located within the greater Austin metropolitan area. Officially designated by the Texas legislature as the Barbeque Capital of Texas, the city is located 17 miles east of I-35, which links the Austin metropolitan area to greater San Antonio, near the junction of U.S. 183 and State Highway 142. The recently opened State Highway 130 provides access to Austin in under an hour' s drive. 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, Lockhart has seen a population growth rate of 9.3% between 2000 and 2010, and Caldwell county grew 18.2% overall in this same period. As a result, development in Lockhart has been on the rise. Over the next thirty years, the 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 Lockhart and Caldwell county as a whole.