Jackson Plaza

Price: $2,325,000
Sq. Ft.: 11,309
Cap Rate: 8.00%
Built: 2006

Jackson Plaza is an 11,309-square foot multi-tenant retail center in McAllen, Texas. The subject property is 74 percent occupied, providing upside potential in leasing the vacant space. All current leases are triple-net. Tenants consist of Da Ling Express, Chloe Nails, Just-A-Cut, and Kiki’s Fajita Restaurant.     The building was constructed in 2006 and sits on 1.16 acres.

The center is located in a dense retail trade area just east of Interstate 2 on South Jackson Road. Traffic counts are around 22,000-vehicles per day in front of the subject property. The property is shadowed by Sam’s Club and Walmart Supercenter. Numerous national and regional retailers are in the area, including Lowe’s Home Improvement, Costco, Target, Office Depot, Ross Dress for Less, Marshalls, Bed Bath & Beyond, Burlington Coat Factory, Michael’s, PetSmart, Tuesday Morning, Party City, Conn’s HomePlus, SteinMart, Best Buy, Lack’s Furniture, Texas Roadhouse, Whataburger, Chick-fil-a, Wendy’s, and many others. The densely populated area has approximately 218,000 residents within five miles of the property.

McAllen is the largest city in Hidalgo County, located at the southern tip of Texas in the Rio Grande Valley. The area is being transformed into a major international trade area by developing first-rate commercial, retail, office, industrial, medical, retirement and educational facilities. The promotion of international and retail trade, tourism and manufacturing is among the most successful along the U.S.-Mexico Border.