Offering Introduction
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.
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.
Market Overview
Located near the Corner of 35th Street and Jefferson, a Lighted Intersection with Nearly 30K VPD. 35th / 38th Street Serves as a Major Connecting Street Between Central and West Austin and Major Thoroughfares such as MoPac/Loop 1, Lamar Boulevard, Guadalupe Street, and Interstate 35.
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Contact Us
Cathy Nabours
SVP & Managing Principal, Capital Markets
512.236.4613
TX License No 479015