1500 Harrison AveHarlingen, TX 78550

For Sale
$5,500,000
Harlingen, TX Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents the Historic Holsum Bakery Marketplace, a fully leased, multi-tenant retail property located in Harlingen, Texas. The property comprises three buildings totaling 36,850 square feet on approximately four acres of land, situated at the high-traffic corner of W Harrison Ave and S L St, boasting excellent visibility and accessibility. With over 20,000 vehicles passing daily, this prime location offers significant potential for continued growth and strong returns. The property features six tenants, including a prominent Buffalo Wild Wings, along with Tone Up Health & Fitness, All Star Cleaners, Blanquita's Restaurant, The House Club Poker, and Blonde Tourage. The current Net Operating Income (NOI) is $411,371, resulting in a compelling 7.48% capitalization rate. The asking price is $5,500,000, translating to $149.25 per square foot. The property benefits from six curb cuts and features a triple-net (NNN) lease structure with built-in rent bumps. This well-established, multi-building complex offers a rare opportunity to acquire a high-performing retail asset in a thriving Texas market. The 36,466 square feet of net rentable space is currently fully occupied, providing immediate cash flow and long-term stability. This is an ideal investment for those seeking a strong, diversified portfolio addition with significant upside potential.

Highlights

  • Historic Holsum Bakery Marketplace, a fully leased, multi-tenant retail property in Harlingen, TX.
  • 36,850 SF on ~4 acres at high-traffic intersection of W Harrison Ave & S L St.
  • Six tenants, including Buffalo Wild Wings, generating $411,371 NOI and a 7.48% cap rate.
  • Asking price: $5,500,000 ($149.25/SF). NNN leases with built-in rent increases.

Property Details for 1500 Harrison Ave

Property type
Retail properties, Restaurants
Square Feet
36,850 SF
Buildings
3
Units
6

Location Insight

City
Harlingen
County
Cameron
State
Texas
Latitude
26.190598713461
Longitude
-97.709952073002
1500 Harrison Ave, Harlingen, Texas

FAQs

What type of property is this?
Retail property - Harlingen, TX Retail Investment Opportunity
Where is the retail property located?
The property is located at 1500 Harrison Ave Harlingen, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Historic Holsum Bakery Marketplace, a fully leased, multi-tenant retail property in Harlingen, TX.; 36,850 SF on ~4 acres at high-traffic intersection of W Harrison Ave & S L St.; Six tenants, including Buffalo Wild Wings, generating $411,371 NOI and a 7.48% cap rate.
How can I contact the broker?
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1500 Harrison Ave
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