Marcus & Millichap is pleased to offer the opportunity to acquire an 11,304-square foot, multi-tenant retail center located in Port Isabel, Texas. Plaza at Port Isabel is currently 100 percent occupied, and 66 percent of the gloss leaseable area has triple-net leases. The center is a complementary mix of internet-resistant tenants, consisting of Just-A-Cut, Tip to Toe Nails, GoldStar Financial, Fred Loya Insurance, Wingstop, Boost Mobile, AT&T, Subway, and Grade Ice. Constructed in 2005, the building is situated on a one-acre lot.
- 11,304-Square Foot, Multi-Tenant Retail Center
- Shadow-Anchored by Walmart
- 100% Occupied with a Complementary Mix of Internet Resistant Tenants
- Wingstop and AT&T are Publicly Traded (NASDAQ: WING and NYSE: T)
- Recent Improvements Include Roof Replacement in 2015 and Additional Maintenance and Gutter Repairs Completed in Late 2018 | Warranties in Place
- 66% of Gross Leasable Area has Triple-Net Leases
- Signalized Hard-Corner Location on State Park Road 100 (Highway 100) | The Major Thoroughfare in the City and Provides Direct Access to South Padre Island
- Traffic Counts Exceed 16,800 Vehicles Per Day in Front of the Property
- Located in the McAllen–Edinburg–Mission and Reynosa-McAllen Metro Area, Serving a Population of 1.5 Million
- Minutes from South Padre Island | One of Texas’ Top Tourist Destinations
