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1601 Alton Gloor BlvdBrownsville, TX 78526

Brownsville Retail Center, 7.42% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
Tejon Plaza, a 30,140 square foot shopping center in Brownsville, Texas, presents a compelling investment opportunity. This multi-tenant property boasts 95.63% occupancy across its 14 units, housed within five single-story buildings on a 4.85-acre lot. Built in 2001 and zoned CC - Corridor Commercial, the center enjoys a prime location on Alton Gloor Boulevard, a major Brownsville thoroughfare, ensuring high visibility and significant traffic exposure. Its strategic position near major retail, restaurants, residential areas, and key healthcare facilities, including hospitals and medical offices, contributes to strong tenant demand and consistent income. Convenient access to I-69 further enhances its appeal. The property's strong income demographics within a one-mile radius underscore its long-term investment potential. This well-established center offers a rare chance to acquire a thriving retail asset in a growing Brownsville market. The gross lease structure simplifies management, and the 7.42% cap rate makes this an attractive addition to any portfolio. The property address is 1601 E Alton Gloor Blvd, Brownsville, TX 78526.

Highlights

  • Prime location on Alton Gloor Boulevard, a major Brownsville thoroughfare.
  • High visibility and excellent traffic exposure.
  • Close proximity to major healthcare facilities.
  • Easy access to I-69 and other major roadways.
  • Strong income demographics within a one-mile radius.

Property Details for 1601 Alton Gloor Blvd

Property type
Lifestyle centers, Power centers
Square Feet
30,140 SF
Year Built
2001
Buildings
5
Stories
1
Lot Size (sq. ft)
211,266 SF
Units
14

Location Insight

City
Brownsville
County
Cameron
State
Texas
Latitude
25.9824077
Longitude
-97.4857319
1601 Alton Gloor Blvd, Brownsville, Texas

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1601 Alton Gloor Blvd
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