Sam’s Trenton Plaza – Phase II

Price: $7,517,000
Sq. Ft.: 19,671
Cap Rate: 6.50%
Built: 2022
NNN
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Sam’s Trenton Plaza – Phase II is a newly constructed 19,671-square-foot, multi-tenant retail center located on a ±3.56-acre parcel in McAllen, Texas. Completed in 2022, the property is fully leased and features a diverse mix of service-oriented tenants, including restaurants and retail services. The tenants are secured on long-term, triple-net leases with staggered expiration dates. Designed with modern architecture and an efficient layout, the building boasts excellent visibility and frontage along Trenton Road, a high-traffic retail corridor in McAllen, ensuring optimal exposure for all tenants.

The property is strategically situated in a dense retail corridor along Trenton Road, one of McAllen, Texas’s most traveled roads. The property enjoys high visibility and accessibility with easy access to major roads and highways, including U.S. Route 83, which enhances its exposure to both local and regional traffic.

Sam’s Trenton Plaza is shadow-anchored by a high-traffic Sam’s Club, attracting thousands of customers daily, significantly benefiting the tenants and boosting foot traffic. The surrounding area is experiencing rapid growth, with ongoing residential and commercial development that is driving the area’s strong economic momentum. Additionally, the property is located near McAllen Medical Center, a central regional healthcare hub that attracts a steady flow of visitors and employees to the area.

  • Fully Stabilized Asset – 100% Leased with NNN Terms with Below Market Rents
    • Sam’s Trenton Plaza – Phase II is a fully stabilized retail asset comprised of 11 tenants on triple-net leases. Current average rents are below market rates, providing future upside potential.
  • Shadow-Anchored by Top-Ranking Sam’s Club
    • The property is shadow-anchored by a high-traffic Sam’s Club, one of the region’s largest retail operators. This location is ranked the #1 store in the state of Texas, and #2 store in the United States, based on consumer traffic (source: Placer.Ai).
  • Service-Oriented Tenant Base
    • The tenant base at Sam’s Trenton Plaza primarily consists of restaurants and service providers resistant to e-commerce disruption. These tenants offer essential services and dining, driving high foot traffic.
  • Dense Retail Trade Corridor Location
    • Sam’s Trenton Plaza is in the prime retail corridor in McAllen, with many retail and service businesses. It offers excellent visibility and access to major roads, capitalizing on steady customer flow. The area is growing, making it a strong investment in a thriving suburban market.
  • Close Proximity to New $120M Upscale Mixed-Use Development, ‘The District’
    • ‘The District’ is under construction at the southwest corner of North 10th Street and Wisconsin. The project is designed to include upscale shopping, indoor/outdoor dining, Class ‘A’ office space, and a variety of luxury apartments, condos and townhomes.