802 Plaza

Price: $4,700,000
Sq. Ft.: 16,840
Cap Rate: 8.03%
Built: 2016
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Marcus & Millichap is pleased to offer the opportunity to acquire a 16,840-square foot, multi-tenant retail center located in a dense retail trade corridor in Brownsville, Texas. 802 Plaza is currently 92 percent occupied and all current leases are triple-net. The center is a complementary mix of internet-resistant tenants, consisting of Fancy Nails, Fred Loya Insurance, Rodeo Dental, Illuminations, Lin’s Noodle House, and Sunrise Tortas.  Constructed in 2016, the building is situated on a 1.7-acre lot.

  • 16,840-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a New Construction Walmart Supercenter
  • 92% Occupied | Upside Potential in Leasing Vacant Suite
  • All Current Leases are Triple-Net
  • Building is New 2016 Construction with an Attractive Facade and Landscaping
  • Located on Ruben M Torres Boulevard at the Intersection with Main Street | Easy Access with Multiple Ingress and Egress Points
  • Traffic Counts are Approximately 29,000 Vehicles per Day on Ruben M Torres Boulevard
  • Located One and a Half Miles East of Interstate 69 East, Lined with Dense Retail Including Sunrise Mall (Anchored by Dillard’s, JCPenney, Bealls, and Sears), Cinemark  Movies, Lowe’s Home Improvement, Gold’s Gym, Best Buy, Marshalls, Ross Dress for Less, Target, Burlington, TJ Maxx, The Home Depot, Kohl’s  and Numerous Other National Retailers
  • Densely Populated Area with More than 184,000 Residents Within Five Miles
  • The Brownsville-Matamoros  Region is a Hub for International Trade | Services a Population of Approximately 1,137,000 People