Pecan Plaza II

Price: $2,396,000
Sq. Ft.: 7,227
Cap Rate: 7.14%
Built: 2011
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Pecan Plaza II is a 7,227-square foot, multi-tenant retail center located in a densely populated area of McAllen, Texas. The center is currently 100 percent occupied, and all leases are triple-net, have personal guarantees, and have options for renewal. Tenants consist of China Express restaurant, Paris Bakery, Yusma Paleteria Y Neveria, and New Horizons Family Dentistry. The building was constructed in 2011 and sits on a 0.79-acre parcel.

The subject property is located on Pecan Boulevard near the signalized intersection of Pecan Boulevard and North Ware Road. Traffic counts exceed 20,000 vehicles per day in front of the property. The center is diagonal from an H-E-B Grocery store. Other national retailers in the area include Bank of America, Sonic, Jack in the Box, Wingstop, McDonald’s. Walgreens, and many more. Pecan Plaza is in close proximity to many educational institutions include South Texas College – Main Campus, Rowe High School, Abraham Lincoln Middle School, McAllen High School, and others. South Texas College has an enrollment of more than 31,000 students across all camMcAllen is the largest city in Hidalgo County, located at the southern tip of Texas in the Rio Grande Valley, the fifth most populated area in the state.

McAllen is a vibrant metro area and a major center for retail, international trade, tourism and manufacturing. Every year, thousands of winter Texans arrive to the Rio Grande Valley, during the mild fall and winter seasons, adding more than $710 million into the local economy. Additionally, the Reynosa-McAllen Metropolitan Area has a population of roughly 1,500,000. The metro area has continually been the first, second, or third fastest-growing urban areas in the United States.puses, which is the highest enrollment of any higher educational institution south of San Antonio. The surrounding area has strong demographics with a five-mile population of 239,569 residents.

  • 7,227-Square Foot, Multi-Tenant Retail Center
  • 100% Occupied | 100% of the Leases are Triple-Net
  • Complementary Mix of Service Oriented, Internet Resistant Tenants
  • New Lease Executed with Horizons Family Dentistry | Established Dentist in the Area that is Relocating from Sharyland Towne Crossing to Subject Property
  • All Current Leases have Personal Guarantees
  • Both End Caps have Drive-Thru Windows in Place
  • Located on Pecan Boulevard Near the Signalized Intersection with North Ware Road | One Block Northwest of H-E-B Grocery Store
  • Approximately One-Half Mile from South Texas College, a Public Community College in the Rio Grande Valley | Enrollment of 31,000 Students Across Six Campuses
  • Densely Populated Area with More than 239,569 Residents Within a Five-Mile Radius
  • 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
  • Landlord Currently Rents the Additional Parking Spaces Situated on a 138.15′ by 30′ Lot┬áDirectly Behind the Building | Seller Shall Credit Buyer at Closing $33,156 (Equal to $8/Square Foot) to Purchase the Land and Re-Parcel