Marcus & Millichap is pleased to offer the opportunity to acquire an 11,124-square foot, multi-tenant retail center located in Edinburg, Texas. Junior’s Plaza is currently 100 percent occupied, and 90 percent of the gross leasable area has gross leases, providing significant upside potential by converting the leases to triple-net. The center is a mix of national and regional tenants including Little Caesars, A-Max Auto Insurance, Don Marisco, Wingstop, Dulces Colibri, The Barbers Club, and Serrano’s Libra x Libra Sports Grill. Constructed in 2017, the property is inline with Junior’s Super Market and situated on 1.69 acres.
- New 2017 Construction | 11,124-Square Foot, Multi-Tenant Retail Center
- Inline with Junior’s Super Market
- 100% Occupied | 90% of the Gross Leasable Area has Gross Leases | Significant Upside Potential by Converting Leases to Triple-Net
- Per Leases, Tenants are Responsible for Water, Sewer, Electric, Internet, Cable, HVAC Service Contract, and HVAC Replacement
- A-Max has a Corporate Guaranty | Wingstop, Don Marisco, Dulces Colibri, and Serrano Libra x Libra have Personal Guarantors
- WingStop is a Publicly-Traded Company | (NASDAQ: WING)
- Located on a Signalized, Hard Corner | Multiple Ingress and Egress Points | Cumulative Traffic Counts in Front of the Property are Approximately 30,500 Vehicles per Day
- Located Two Miles from the University of Texas Rio Grande Valley | Enrollment is More than 17,500 Students
- Densely Populated Area with More than 98,840 Residents Within a Five-Mile Radius
- Edinburg is the County Seat of Hidalgo County
- Located in the McAllen-Edinburg-Mission MSA | Retail Hub of the Rio Grande Valley | Also Part of the Reynosa-McAllen Metropolitan Area, Serving a Population of Roughly 1.5 Million
