For Sale
$12,763,000

2001 Trenton RdEdinburg, TX 78504

High-growth Texas shopping center, strong anchors.

Overview

Added:
Dec 11, 2024
Days on market:
123
This exceptional 98,426 square foot shopping center in McAllen, Texas, presents a compelling value-add investment opportunity. Located at 2001 W Trenton Rd, 78504, this single-building property boasts a prime location along a major thoroughfare in a high-growth, affluent area with average household incomes exceeding $112,000 within a one-mile radius. The property features a mix of credit-rated franchise tenants, including Cinemark and Trufit, with six tenants total. Currently 76% occupied, the center offers significant upside potential through lease-up of vacant space and rent increases. Built in 2008, the property sits on 15.13 acres of commercially zoned land and includes 591 parking spaces per 1,000 square feet. The asking price is $12,763,000, representing a price per square foot of $129.67 and a land value of $125 per square foot. The property benefits from a strong in-place cap rate of 8.15%, a NNN lease structure, and a remaining lease term of four years with rent bumps included. Its strategic location across from prominent medical facilities further enhances its appeal. This fee-simple ownership opportunity combines the stability of long-term anchor tenants with the potential for substantial future growth. The property's high traffic counts and strong demographics make it an ideal investment for discerning buyers seeking a value-add retail asset in a thriving Texas market.

Highlights

  • Highly desirable location.
  • Strong anchor tenant with long-term lease.
  • Significant opportunity for value appreciation.
  • Positive leasing velocity.

Property Details for 2001 Trenton Rd

Property type
Lifestyle centers, Power centers
Square Feet
98,426 SF
Year Built
2008
Buildings
1
Lot Size (sq. ft)
659,063 SF

Location Insight

City
Edinburg
County
Hidalgo
State
Texas
Latitude
26.2658233
Longitude
-98.1909717
2001 Trenton Rd, Edinburg, Texas

FAQs

What type of property is this?
Lifestyle center - High-growth Texas shopping center, strong anchors.
Where is the lifestyle center located?
The property is located at 2001 Trenton Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $12,763,000.
What are key features of this property?
This property features: Highly desirable location.; Strong anchor tenant with long-term lease.; Significant opportunity for value appreciation.
How can I contact the broker?
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2001 Trenton Rd
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