Las Palmas Plaza is a 100 percent occupied, multi-tenant retail center strategically positioned along North Expressway 83—one of Brownsville’s primary retail corridors. The property is anchored by a high-quality, healthcare-oriented tenant mix, with approximately 71 percent of the GLA leased to medical users, creating a durable, service-driven income stream that is largely insulated from e-commerce disruption. The tenant roster includes Northland Hearing Centers, Airrosti Rehab Center, Baaxten Imaging Center, and Raymond James, representing a complementary mix of medical, financial services, and necessity-based uses that generate consistent daily traffic and long-term tenancy stability. The center benefits from triple-net (NNN) lease structures across all tenants, providing investors with passive, expense-reimbursed cash flow and limited landlord responsibilities. The building is newer (2017) construction with attractive architecture and is situated on a 1.075-acre parcel with concrete parking.
Las Palmas Plaza is located along North Expressway 83 (±115,000 VPD), the primary retail and commuter corridor serving Brownsville and the broader Rio Grande Valley. Adjacent pad sites include Olive Garden, Verizon, Black Bear Diner, LongHorn Steakhouse, and Homewood Suites by Hilton. The Property sits within the city’s premier retail trade area, directly across from Sunrise Mall and surrounded by a dense concentration of national retailers including Target, TJ Maxx, Burlington, Best Buy, and numerous restaurant concepts.
- 10,563-Square-Foot, Multi-Tenant Retail Center | Newer (2017) Construction
- Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net
- Durable, Medical-Weighted Tenant Mix | 71% Medical Tenancy
- Airrosti Rehab Center Recently Executed a Five-Year Renewal, Exhibiting Continued Commitment to the Location
- Strong Rent Growth Profile with Contractual Rent Increases and Renewal Options Across Tenancy
- Adjacent Pad Sites Include a Two-Tenant Retail Strip, Olive Garden, Black Bear Diner, Longhorn Steakhouse, and Homewood Suites by Hilton
- Prime Location in a Major Retail Trade Area Along North Expressway 83 | Extremely High Traffic Counts Exceeding 115,000 Vehicles Per Day
- Catty Corner from Sunrise Mall | Anchored by Dillard’s, JCPenney, Dick’s Sporting Goods, Main Event, and Cinemark Theater and Featuring 100+ Stores
- Major Retail Trade Area Location Including Numerous National and Regional Retailers
- Densely Populated Area with a Five-Mile Population Exceeding 160,900 Residents | Additional Day Time Workforce of Approximately 50,000 Employees
- Home to SpaceX, Brownsville’s Largest Private Employer with More Than 1,600 Employees | Estimated Gross Output of $885 Million for the County
- The Brownsville-Matamoros Region is a Hub for International Trade | Services a Population of Approximately 1,137,000 People
