301 Alton BlvdAlton, TX 78573

Property Details for 301 Alton Blvd

Year built

2016

Lot size

0.69 AC

Property size (Sq ft)

6,783 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional retail investment opportunity presents a 6,783 square foot, single-story building situated on a 0.69-acre lot in Alton, Texas. The property, built in 2016, boasts a 100% occupancy rate with five tenants: Verizon Wireless, Antojitos Mexicanos, Barri Financial, Fred Loya Insurance, and Pappa's Pizza, all operating under absolute NNN leases, minimizing landlord responsibilities. The property generates a strong net operating income (NOI) of $159,760, resulting in an attractive 7.25% cap rate. Located on US-107, a major thoroughfare with over 18,000 vehicles passing daily, this highly visible outparcel benefits from its proximity to a major supermarket attracting over 795,000 annual visitors. The area demonstrates robust growth, with a 10.1% population increase within a 5-mile radius since 2010. The asking price is $2,203,586, offering a compelling return on investment. National retailers like McDonald's, KFC, CVS, AutoZone, O'Reilly Auto Parts, and Dollar Tree are located nearby, further enhancing the property's desirability and potential for long-term growth. 80% of the current tenants have been in place since the center opened. This fee-simple ownership opportunity provides a stable and lucrative investment in a thriving Texas market.

Location Insight

City

Alton

County

Hidalgo

State

Texas

Latitude

26.2892

Longitude

-98.3142

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