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1612 AQUARENA SPRINGS DR San Marcos TX 78666

[Locked] • APN R12275

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Details
Property Type Land
Sub Type Apartment Building
Building SqFt 34,221
Lot SqFt 85,508
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code MF-24
Year Built 1975
Building Count 7
Opportunity Zone No
Lease Type ******
Remaining Term ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Retail
Marketing Description

TOTAL POINT ER - SAN MARCOS, TX Investment Opportunity - Medical Facility Discover a lucrative equity investment opportunity with Total Point ER, a full-service emergency room located at Aquarena Springs Dr, San Marcos, TX 78666. This existing medical property sits on 1.58 acres and boasts an impressive 8,939 SF building. Built in 1996, it offers a prime location and a solid investment potential. Featuring an absolute triple net (NNN) lease, this emergency room and medical facility provides 2% annual rent increases, a 20-year single site lease with options, and a fee simple ownership structure with a 20-year corporate guaranty. Comparable sales in the area have reached impressive figures, with recent transactions including properties in Arlington, Dallas, and Cypress. With a strong financial analysis, including a base rent of $680,000, and a price of $8 million, this investment opportunity is positioned for success. Located in a thriving area with a projected population growth, favorable demographics, and a median household income of up to $63,505, Total Point ER - San Marcos, TX is the perfect addition to your investment portfolio. Don't miss out on this exceptional opportunity. Contact us today to learn more about how you can become a part of this promising investment.

Investment Highlights
  • E M E R G E N C Y R O O M & M E D I C A L F A C I L I T Y

  • A B S O L U T E T R I P L E N E T ( N N N ) L E A S E

  • 2 % A N N U A L R E N T I N C R E A S E S

  • 2 0 - Y E A R ( N N N ) S I N G L E S I T E L E A S E W I T H O P T I O N S

  • F E E S I M P L E ( L A N D A N D B U I L D I N G )

  • 2 0 - Y E A R C O R P O R A T E G U A R A N T Y

Property Type
Property Type
Land
Marketing Description
The Aquarena Springs Tract offers a multi-family developer a unique opportunity to build near a rapidly growing University that has a lack of suitably zoned apartment sites. There are growing barriers to entry due to environmental and neighborhood concerns. The Aquarena Springs Tract has MF-24 zoning in place on at least 10.75 acres which allows 240+ apartment units and up to 4 stories. The site will need to be platted. The site is located on a Texas State shuttle bus route. The site is approximately one mile from campus.
Investment Highlights
  • 12.6 acres per Hays County Appraisal District
  • Zoning Allows up to 240+ Units
  • Established Student Housing area
  • Located on the Texas State University shuttle bus route
  • Easy Access to Texas State and Retail on IH-35
  • All Utilities On-Site or Nearby
  • Front 1.88 acres zoned General Commercial
  • 17th Year of Record Enrollment at Texas State
  • San Marcos named fastest-growing city in the US in 2014

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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MF-24 ResidentialMulti FamilyMultiple Family Residential District 24
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View all 218 uses
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Sold on
 BY:
MD
Mike Dallas
•••.•••.1800
mike@••••••••••.com
Brokerage logo
Listing removed on
 BY:
DA
Dave Aarant PRO
•••.•••.9152
dave@•••••••-••••••.com
Brokerage logo

Map

Comparable Properties

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