Santa Lucia Plaza

Price: $4,715,000
Sq. Ft.: 15,152
Cap Rate: 6.35%
Built: 2019
  • 15,152-Square-Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Leases are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • All of the Leases Include Options for Renewal with Rental Increases
  • 84% of the Gross Leasable Area has Personally-Guaranteed Leases
  • Building is New (2019) Construction with an Attractive Facade | Large Pylon Sign Provides Additional Visibility to the Center
  • Located on East Nolana Loop Approximately One-Half Mile East of Interstate Highway 69C, the Major North-South Thoroughfare | Traffic Counts in Front of the Property are Approximately 21,160 Vehicles per Day
  • 300-Unit Housing Complex Located Directly Behind the Property
  • Close Proximity to Several National Hotel Chains | Provides Additional Traffic to the Area
  • Extremely Densely Populated Area, Serving a Five-Mile Population of more than 258,920 Residents
  • Pharr is Part of the McAllen–Edinburg–Mission and Reynosa–McAllen Metropolitan Areas