Dollar Tree Plaza

Price: $4,211,700
Sq. Ft.: 21,000
Cap Rate: 7.50%
Built: 2012

Marcus & Millichap is pleased to offer the opportunity to acquire a 21,000-square-foot, Walmart shadow-anchored, multi-tenant retail center in Peñitas, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net. The tenant base is complementary mix of internet-resistant, service-oriented businesses, and 81 percent of the gross leasable area has national tenants. The center is anchored by Dollar Tree, and other tenants include Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar’s, Boost Mobile, Texas Credit Corporation, Action Credit, and a nail salon. All leases are triple-net. The building was constructed in 2012 and sits on 2.11 acre parcel.

  • 21,000-Square-Foot, Walmart Shadow-Anchored Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Strong Tenant Base | 81% National Tenants
  • Anchored by Dollar Tree | Publicly Traded Company (NASDAQ: DLTR) | Tenant Recently Exercised a Five-Year Renewal
  • Tenant Base is a Complementary Mix of of Internet-Resistant, Service-Oriented Businesses
  • Situated on a 2.11-Acre Lot with Ample Paved Parking
  • Expressway Location on the City’s Major East-West Thoroughfare | Traffic Counts are Approximately 36,533 Thousand Vehicles per Day
  • Near John F Kennedy Elementary School with Approximately 786 Students
  • Peñitas is Part of the McAllen-Edinburg-Mission and Reynosa-McAllen Metropolitan Areas