490 State Hwy 123 BypSeguin, TX 78155

For Sale
Call for price

Thriving 8-tenant retail center in Seguin, TX

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 21,750-square-foot shopping center, situated on 2.268 acres in Seguin, Texas, presents a compelling investment opportunity. Built in 2003, the single-story, masonry-with-stucco-veneer building boasts 100% occupancy across eight units. The property benefits from a prime location on the main retail corridor of Highway 123 Bypass, near Alt Hwy 90, offering excellent visibility and accessibility. Its strategic location is further enhanced by its proximity to IH 10 & 130 Toll Road, serving a substantial trade area. The center is anchored by a Dollar Tree and shadow-anchored by a Walmart, attracting a diverse mix of local and national tenants. The property features ample parking (100 spaces), concrete drives, and a prominent pylon sign on Hwy 123. Recent improvements include a new total roofing system installed in July 2023, complete with a 5-year labor and workmanship warranty and a 20-year manufacturer's membrane warranty. Demographic data reveals a strong market with an estimated 30,000 people within a 3-mile radius, boasting an average household income of nearly $74,000 and a 64% homeownership rate within a 1-mile radius. Significant population growth is also evident, with a 20% increase from 2010 to 2023 and a projected 6.2% growth in the next five years. The property is zoned C-Commercial and offers a NNN lease structure with credit-rated, franchisee, and corporate-guaranteed tenants. The net rentable square footage is 21,542 square feet.

Highlights

  • New roof installed July 2023; 5-year labor/workmanship warranty, 20-year manufacturer's membrane warranty (Versico).
  • 3-mile radius boasts approx. 30,000 residents, $74,000 avg. household income, and 64% homeownership within 1 mile.
  • 20% population growth (2010-2023), projected 6.2% growth in next 5 years.

Property Details for 490 State Hwy 123 Byp

Property type
Lifestyle centers, Power centers
Square Feet
21,750 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
98,794 SF
Units
8

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.56666981
Longitude
-97.94210401
490 State Hwy 123 Byp, Seguin, Texas

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490 State Hwy 123 Byp
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