For Sale
$5,506,000

7501 10Th StMcAllen, TX 78504

High-Yield Retail Investment, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 12,224 square-foot shopping center in McAllen, Texas, presents a compelling investment opportunity. Boasting a 6.75% cap rate and a 100% occupancy rate, the property features four tenants on triple-net (NNN) leases, minimizing landlord responsibilities. The diverse tenant mix includes internet-resistant and service-oriented businesses such as a bakery, nail salon, restaurant, and dental practice. Situated on a 1.57-acre lot, the center benefits from ample parking and a double-sided monument sign on North 10th Street, ensuring high visibility. Its prime location near the intersection of North 10th Street and Trenton Road, a high-traffic area with over 50,736 vehicles daily, provides excellent accessibility. The property enjoys a shadow anchor position next to a top-performing Sam's Club, further enhancing its appeal. The surrounding area is densely populated, with over 233,916 residents within a five-mile radius and strong average household incomes exceeding $94,660 within one mile. Numerous national and regional retailers are nearby, creating a vibrant retail environment. Built in 2014, this stabilized asset offers a secure and profitable investment with significant upside potential. The asking price is $5,506,000, translating to $450.43 per square foot. The property's strong performance, prime location, and diverse tenant base make it an ideal addition to any investment portfolio.

Highlights

  • 12,224-square-foot multi-tenant retail center in a high-traffic area with $4.3B in annual retail sales within a three-mile radius and $11.1B within five miles.
  • Shadow-anchored by a top-performing Sam's Club (nation's #2 in consumer traffic).
  • Fully stabilized, 100% occupied, with triple-net leases.
  • Strong tenant mix of internet-resistant and service businesses.
  • Double-sided monument sign on North 10th Street.
  • Located at a signalized intersection on Trenton Road with over 50,736 vehicles daily.

Property Details for 7501 10Th St

Property type
Lifestyle centers, Power centers
Square Feet
12,224 SF
Year Built
2014
Buildings
1
Lot Size (sq. ft)
68,389 SF
Units
4

Location Insight

City
McAllen
County
Hidalgo
State
Texas
Latitude
26.271032337019
Longitude
-98.218880688947
7501 10Th St, McAllen, Texas

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Investment, 100% Occupied
Where is the lifestyle center located?
The property is located at 7501 10Th St McAllen, TX.
What is the asking price?
The asking price for this property is $5,506,000.
What are key features of this property?
This property features: 12,224-square-foot multi-tenant retail center in a high-traffic area with $4.3B in annual retail sales within a three-mile radius and $11.1B within five miles.; Shadow-anchored by a top-performing Sam's Club (nation's #2 in consumer traffic).; Fully stabilized, 100% occupied, with triple-net leases.
How can I contact the broker?
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7501 10Th St
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