Shops at Jefferson
Infill Value-Add Retail | Austin, TX
Marketing description
SRS Capital Markets, National Multi-Tenant Advisory has been exclusively retained to offer qualified investors the unique opportunity to acquire Shops at Jefferson (or the “Property”), a 17,074 SF retail center on 1.27 acres in Central West Austin.
For More Information: SRSRE.COM/ShopsAtJefferson
Investment highlights
Located in the heart of Central Austin on Jefferson Street, the Property offers immediate access to 35th Street — a primary connector between Central and West Austin. Just minutes from Bryker Woods, Tarrytown, and Rosedale, it sits amid some of the city’s most desirable neighborhoods and within a 1-mile radius of households with an average income exceeding $200K.
Given the infill nature, the Property is one of the few surface parked retail centers as surrounding sites have made way for vertical mixed-use. Nearby economic drivers include Ascension Seton Main Hospital, The Grove mixed use development, and adjacent medical office buildings providing continued daytime traffic to the center.
Currently 49% leased, the Property features one contiguous 8,774 that was recently vacated. In addition to ownership allowing the purchaser to lease-up the vacant space, in-place rents are approximately 65% below market.
Shops at Jefferson offers investors an opportunity to acquire a value-add retail center in the heart of Central Austin well below replacement costs.
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