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Casis Village Shopping Center 2727 Exposition Blvd 46,564 SF 92% Leased Retail Building Austin, TX 78703 For Sale

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INVESTMENT HIGHLIGHTS

  • Generational Infill Real Estate.
  • Below Market Rents.
  • Long-term redevelopment Opportunity.
  • Grocery Anchored Shopping Center.
  • Austin's Best Demographics.

EXECUTIVE SUMMARY

Jones Lang LaSalle (“JLL”) is pleased to present the exclusive opportunity to purchase Casis Village (the “Property”), a prominent grocery-anchored, service-oriented retail center in Austin’s most affluent neighborhood. Located along Exposition Blvd, one of the main thoroughfares connecting Austin proper to the residential neighborhood of Tarrytown, the Property benefits from heightened visibility and high demand in a heavily under-supplied market. Casis Village is currently 92% leased to a diverse mix of service-oriented retailers, including Randalls, Starbucks and Tarrytown Pharmacy, offering investors a durable rent roll with mark-to-market opportunities. Given its dominant location and diverse tenant mix, the Property is famed for its convenient accessibility, becoming the one-stop retail destination for Tarrytown residents. With 5.9 years of remaining average lease term, 57% below-market rents, and 3,705 square feet of existing vacancy, Casis Village presents investors with a rare value-add opportunity in one of Austin’s most coveted and under-supplied markets.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
46,564 SF
Building Class
C
Year Built
1952
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
3.40 AC
Zoning
CS

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Benchmark Bank
  • -
  • -
  • -
  • -
  • Kannon Care Investments Llc
  • Finance and Insurance
  • -
  • -
  • -
  • Party Cat
  • Retailer
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

As a teenager, Robert Onstead delivered groceries for his uncle in Ennis, Texas. In 1954 when he was 24 and recently married, his father-in-law offered him a job at Randalls Super Valu Store in Pasadena. 12 years later, Onstead joined two other men, Norman Frewin and R.C. Barclay, whose experience in the grocery business went back two generations and who were both instinctive entrepreneurs. Together, the three men developed the concept of a discount supermarket. By 1990, the chain had expanded to 42 stores. In 1991, Randalls earned over a billion dollars in revenue, making it easily the fastest growing company in Houston. Today, Randalls operates as a banner of Albertsons Companies, one of the largest food and drug retailers in the United States. With both a strong local presence and national scale, the company operates stores across 35 states and the District of Columbia under 20 well-known banners.

  • Resident Care Pharmacy
  • Retailer
  • -
  • -
  • -
  • Mining, Quarrying, and Oil and Gas Extraction
  • -
  • -
  • -

Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen

  • Accommodation and Food Services
  • -
  • -
  • -

Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.

  • Tarrytown Pharmacy
  • -
  • -
  • -
  • -
  • Tramex Travel
  • Services
  • -
  • -
  • -
  • Westbank Dry Cleaning
  • Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Benchmark Bank - - - -
Kannon Care Investments Llc Finance and Insurance - - -
Party Cat Retailer - - -
Retailer - - -
Resident Care Pharmacy Retailer - - -
Mining, Quarrying, and Oil and Gas Extraction - - -
Accommodation and Food Services - - -
Tarrytown Pharmacy - - - -
Tramex Travel Services - - -
Westbank Dry Cleaning Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,705 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 3,705 SF Retail - Now

1st Floor

Size
3,705 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 3,705 SF
Space Use Retail
Position -
Available Now

NEARBY MAJOR RETAILERS

Comerica
Frost Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119545
Land Assessment
$3,952,800
Improvements Assessment
$7,810,897
Total Assessment
$11,763,697
  • Listing ID: 35794455

  • Date on Market: 5/8/2025

  • Last Updated:

  • Address: 2727 Exposition Blvd, Austin, TX 78703

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