For Sale
$4,329,113

3250 Main St Uvalde, TX 78801

High-traffic, 100% occupied shopping center.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 24,160-square-foot multi-tenant retail center in Uvalde, Texas, boasting 100% occupancy. Strategically located on East Main Street (US 90), a major thoroughfare with 23,586 vehicles daily, this property benefits from high visibility and strong traffic counts. The center is shadow-anchored by a Walmart Supercenter and features a diverse mix of seven national, regional, and local tenants, including Cricket Wireless, Deluxe Nails & Spa, Great Clips, Shoe Dept., Sally Beauty Supply, CATO, and Beltone Hearing Aids. Built in 2005, the property sits on 2.72 acres and includes a double-sided pylon sign. 80% of the gross leasable area operates under triple-net leases, offering significant upside potential. The property's prime location is complemented by its proximity to numerous national retailers, including AT&T, Applebee's, H-E-B, and more, as well as several hotels and Uvalde Memorial Hospital, a recently expanded county hospital serving five counties. The asking price is $4,329,113, representing a price per square foot of $179.19 and an 8.00% cap rate, with a current NOI of $346,329. This well-positioned shopping center offers a compelling investment opportunity with strong cash flow and growth potential. The property consists of nine units and features a total of 24,160 net rentable square feet.

Highlights

  • 24,160-square-foot multi-tenant retail center in Uvalde, TX, offering value-add potential.
  • Shadow-anchored by a Walmart Supercenter.
  • 100% leased with 80% triple-net leases, presenting significant upside potential.
  • Strong tenant mix of national, regional, and local retailers.
  • Located on high-traffic East Main Street (US 90), averaging 23,586 vehicles per day.
  • Excellent location in a dense retail area near major national retailers like Walmart, AT&T, and H-E-B.

Property Details for 3250 Main St

Property type
Lifestyle centers, Power centers
Square Feet
24,160 SF
Year Built
2005
Lot Size (sq. ft)
118,483 SF
Units
9

Location Insight

City
Uvalde
County
Uvalde
State
Texas
Latitude
29.234931765256
Longitude
-99.751864515806

FAQs

What type of property is this?
Lifestyle center - High-traffic, 100% occupied shopping center.
Where is the lifestyle center located?
The property is located at 3250 Main St Uvalde, TX.
What is the asking price?
The asking price for this property is $4,329,113.
What are key features of this property?
This property features: 24,160-square-foot multi-tenant retail center in Uvalde, TX, offering value-add potential.; Shadow-anchored by a Walmart Supercenter.; 100% leased with 80% triple-net leases, presenting significant upside potential.
How can I contact the broker?
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3250 Main St
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