For Sale
$1,300,000

100 Main StEagle Pass, TX 78852

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 29,980-square-foot shopping center, located at 100 Main Street in Eagle Pass, Texas, presents a compelling investment opportunity. The Class B property, built in 1980, boasts 100% occupancy with a diverse mix of quality tenants, including a beauty school, bridal shop, and fashion retailer, ensuring stable cash flow. Positioned on a 0.6-acre lot with significant frontage on Main and Commercial Streets, the property benefits from high visibility and pedestrian traffic. Its strategic location, just one block from International Bridge 1, connects it to the vibrant Eagle Pass/Piedras Negras metropolitan area (approx. 220,000 population). The asking price is $1,300,000, translating to $43.36 per square foot, significantly below replacement cost. The property offers a compelling 10.69% cap rate and substantial upside potential through future rent increases and expense reimbursements. The current base rent is $6.06 per square foot. Eagle Pass's booming port city status, with a 22% year-over-year trade growth in 2024, further enhances the investment's appeal. The property is zoned B2 and features a single story. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing border city.

Highlights

  • Stable cash flow with upside potential: 100% occupancy, internet-resistant tenants, and in-place base rent of $6.06/SF offer immediate income and future rent growth opportunities.
  • Offered significantly below replacement cost at $43.36/SF.
  • Prime location in Eagle Pass, Texas, a rapidly growing port city experiencing a 22% year-over-year increase in trade.
  • High visibility with 265' of frontage on Commercial St. and 115' on Main St.

Property Details for 100 Main St

Property type
Lifestyle centers, Power centers
Square Feet
29,980 SF
Class
B
Year Built
1980
Stories
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Eagle Pass
County
Maverick
State
Texas
Latitude
28.707838
Longitude
-100.505959
100 Main St, Eagle Pass, Texas

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100 Main St
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