The Palms Shopping Center | 3941 S Interstate 35
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Palms Shopping Center 3941 S Interstate 35
17,672 SF 100% Leased Retail Building San Marcos, TX 78666 For Sale
Investment Highlights
- The Palms Shopping Center represents a unique, investment opportunity with strong potential for growth due to its premier location
- Attracts over 14 million visitors annually, making it the third-largest tourist attraction in Texas and ensuring a robust, continuous consumer draw.
- Significant potential for sustained growth and long-term profitability, making it a secure and attractive asset for investors
- Adjacent to San Marcos Premium Outlets and Tanger Outlets, forming the largest outlet center in the U.S. (over 1.2 million sq.)
- Benefits from a stable tenant base surrounded by a vibrant mix of retailers, dining, and entertainment venues, supporting sustained consumer interest
Executive Summary
TC Austin Realty Advisors is proud to offer The Palms Shopping Center, an exceptional investment property situated within the Premium Outlet Mall, in San Marcos, Texas. Conveniently located just off Interstate 35, this property provides unparalleled visibility and exposure, making it an ideal acquisition for investors seeking to capitalize on one of Texas’s most thriving retail destinations.
The Palms Shopping Center benefits from the high foot traffic generated by its proximity to both the San Marcos Premium Outlets and the adjacent Tanger Outlets. Together, these premier shopping destinations form the largest outlet shopping center in the United States, spanning over 1.2 million square feet. As the third-largest tourist attraction in Texas, these outlets house over 240 luxury and name-brand stores and attract more than 14 million shoppers annually.
With ample parking and a vibrant mix of surrounding retailers, restaurants, and entertainment venues, The Palms Shopping Center represents a strategic investment opportunity.
The Palms Shopping Center represents a unique, low-risk investment opportunity with strong potential for growth due to its premier location and established tenant base.
The Palms Shopping Center benefits from the high foot traffic generated by its proximity to both the San Marcos Premium Outlets and the adjacent Tanger Outlets. Together, these premier shopping destinations form the largest outlet shopping center in the United States, spanning over 1.2 million square feet. As the third-largest tourist attraction in Texas, these outlets house over 240 luxury and name-brand stores and attract more than 14 million shoppers annually.
With ample parking and a vibrant mix of surrounding retailers, restaurants, and entertainment venues, The Palms Shopping Center represents a strategic investment opportunity.
The Palms Shopping Center represents a unique, low-risk investment opportunity with strong potential for growth due to its premier location and established tenant base.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,672 SF
Building Class
B
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.29 AC
Parking
85 Spaces (7.1 Spaces per 1,000 SF Leased)
Frontage
192 FT on S IH-35
Amenities
- Bus Line
- Freeway Visibility
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R27246 | Total Assessment | $6,250,000 (2024) |
| Land Assessment | $958,830 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,291,170 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R27246
Land Assessment
$958,830 (2024)
Improvements Assessment
$5,291,170 (2024)
Total Assessment
$6,250,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 49
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The Palms Shopping Center | 3941 S Interstate 35
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.