For Sale
$4,329,113

3250 Main StUvalde, TX 78801

High-traffic, 100% occupied shopping center.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
3250 Main St, Uvalde, Texas

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3250 Main St
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