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Marcus & Millichap, in conjunction with Real Insight Marketplace, are pleased to present the opportunity to acquire an 11,942-square-foot, multi-tenant retail center in a dense retail corridor of McAllen, TX. The center is 89.68% occupied with one vacancy providing a unique value-add opportunity. The tenant base is a complementary mix of restaurants and service-oriented businesses, including Fujiyama Hibachi, iWings, Essence CBD American Shaman, CiCi’s Pizza, and Mariner Finance. A double-sided monument sign positioned at the frontage road entrance provides additional visibility to the center.
McAllen Plaza is shadow anchored by Home Depot and H-E-B and located across the street from a top performing Target. There are numerous other national and regional retailers in the neighboring area, including Hobby Lobby, Petsmart, HomeGoods, Best Buy, Whataburger, McDonald’s, and Chick-fil-A. The subject property is located on Trenton Road with over 30,762 vehicles per day. Located in a dense retail corridor, the population exceeds 98,000 residents within a three-mile radius, and over 234,000 residents within a five-mile radius. Surrounding demographics are strong with an average household income of $121,925 within a one-mile radius; $96,086 within a three-mile radius; and $82,133 within a five-mile radius.
- 11,942-Square-Foot, Multi Tenant Retail Center Located in a Dense Retail Corridor of McAllen, TX
- Value-Add Opportunity | 89.68% Occupied with an Additional 10.13% Vacating at Year’s End | All Leases are Triple Net
- Double-Sided Monument Sign Positioned at Frontage Road Entrance | Providing Additional Visibility to the Center
- Tenant Base is a Complementary Mix of Restaurants and Service-Oriented Businesses, Including Fujiyama Hibachi, iWings, Essence CBD American Shaman, CiCi’s Pizza, and Mariner Finance.
- Shadow Anchored by Home Depot and H-E-B | Located Across the Street from a Top Performing Target. There are Numerous other National and Regional Retailers in the Neighboring Area, Including Hobby Lobby, Petsmart, HomeGoods, Best Buy, Whataburger, McDonald’s, and Chick-fil-A.
- Desirable Demographics | Dense Residential and Highly Affluent Area with Approximately 234,000 Residents within a Five-Mile Radius | The Average Household Income of $121,925 within a One-Mile Radius; $96,086 within a Three-Mile Radius; and $82,133 within a Five-Mile Radius.
- McAllen is the Largest City in Hidalgo County, Located at the Southern Tip of Texas in the Rio Grande Valley, the Fifth Most Popular Area in the State. McAllen is a Vibrant Metro Area and a Major Center for Retail, International Trade, Tourism and Manufacturing.
