2415 Veterans BlvdDel Rio, TX 78840

This exceptional 16,857-square-foot multi-tenant retail center in Del Rio, Texas, presents a compelling value-add opportunity. Built in 2004 and situated on a 1.32-acre lot at 2415 Veterans Blvd (zip code 78840), the property boasts a strong tenant base, including national retailers. Currently 73% occupied, with five tenants, the center offers significant upside potential through lease-up of vacant space and conversion of existing leases to triple-net terms. The pro-forma cap rate is an attractive 10.01%, while the current NOI is $147,497. 58% of the gross leasable area is already under triple-net leases. The property benefits from a high-traffic location, shadow-anchored by a Walmart Supercenter, and enjoys proximity to other major retailers such as The Home Depot, Dollar Tree, and Plaza Del Sol Mall (anchored by JCPenney, Marshalls, Cinemark, and Ross Dress for Less). The area sees approximately 26,800 vehicles daily. The property's strategic location near Laughlin Air Force Base (the largest pilot training base in the US Air Force), Sul Ross State University's satellite campus, and the US-Mexico border contributes to a robust trade area population exceeding 235,500. The asking price is $2,550,000, representing $151.27 per square foot. This investment offers a rare blend of strong existing income and substantial growth potential in a thriving market. The property includes six units.