For Sale
$2,203,586

301 Alton Blvd Alton, TX 78573

High-yield Texas retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional retail investment opportunity presents a 6,783 square foot, single-story building situated on a 0.69-acre lot in Alton, Texas. The property, built in 2016, boasts a 100% occupancy rate with five tenants: Verizon Wireless, Antojitos Mexicanos, Barri Financial, Fred Loya Insurance, and Pappa's Pizza, all operating under absolute NNN leases, minimizing landlord responsibilities. The property generates a strong net operating income (NOI) of $159,760, resulting in an attractive 7.25% cap rate. Located on US-107, a major thoroughfare with over 18,000 vehicles passing daily, this highly visible outparcel benefits from its proximity to a major supermarket attracting over 795,000 annual visitors. The area demonstrates robust growth, with a 10.1% population increase within a 5-mile radius since 2010. The asking price is $2,203,586, offering a compelling return on investment. National retailers like McDonald's, KFC, CVS, AutoZone, O'Reilly Auto Parts, and Dollar Tree are located nearby, further enhancing the property's desirability and potential for long-term growth. 80% of the current tenants have been in place since the center opened. This fee-simple ownership opportunity provides a stable and lucrative investment in a thriving Texas market.

Highlights

  • Alton Plaza, a retail strip center in Alton, TX, located in South Texas.
  • Fully leased with a strong mix of national and regional tenants.
  • Triple-net (NNN) lease structure; landlord responsibilities are minimal.
  • High visibility and accessibility; over 18,000 vehicles per day.
  • Strong population growth; 10.1% increase within a 5-mile radius since 2010.
  • Outparcel to a high-traffic junior supermarket attracting over 795,000 annual visitors.

Property Details for 301 Alton Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,783 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
30,056 SF
Units
5

Location Insight

City
Alton
County
Hidalgo
State
Texas
Latitude
26.2892256
Longitude
-98.3141711
301 Alton Blvd, Alton, Texas

FAQs

What type of property is this?
Lifestyle center - High-yield Texas retail center, 100% occupied.
Where is the lifestyle center located?
The property is located at 301 Alton Blvd Alton, TX.
What is the asking price?
The asking price for this property is $2,203,586.
What are key features of this property?
This property features: Alton Plaza, a retail strip center in Alton, TX, located in South Texas.; Fully leased with a strong mix of national and regional tenants.; Triple-net (NNN) lease structure; landlord responsibilities are minimal.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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301 Alton Blvd
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