Marcus & Millichap is pleased to offer the opportunity to acquire a fully stabilized, 11,600-square-foot multi-tenant retail center in Mission Texas. Shary Plaza is currently 100 percent occupied, and all leases are triple-net. The center has a complementary mix of national and regional credit tenants, most of which have been at the center for more than 15 years. Tenants include GameStop, T-Mobile, Body Works, Check ‘N Go, UPS Store, Max Muscle, and Just-A-Cut. Constructed in 2004, the property is situated on a 1.278-acre lot. Recent property improvements include a new roof in 2019.
Shary Plaza is located in a prime retail corridor on South Shary Road at the hard corner of South Shary Road and Cimarron Drive. Traffic counts are approximately 27,100 vehicles per day in front of the property. The center is Shadow-Anchored by Walmart Supercenter. Other major traffic drivers include The Home Depot, CVS Pharmacy, Kohl’s, Dollar Tree, H-E-B Grocery, Ross Dress for Less, T.J. Max, Chili’s, Target, Petco, and many other national retailers. The surrounding area has strong demographics with a five-mile population of 175,664 residents.
- 11,600-Square Foot, Multi-Tenant Retail Center Located in One of the Fastest Growing MSA’s in the Country (McAllen-Edinburg-Mission)
- Fully Stabilized Center | 100% Occupied and all Leases are Triple-Net
- Strong Tenant Base | 87% of the Gross Leasable Area has National Credit Tenants
- Long-Term Tenants | Majority have Been in the Center for 15 Years
- Recent Property Improvements Include New Roof (2019) and Parking Lot Maintenance
- Located in a Prime Retail Corridor | Shadow-Anchored by Walmart Supercenter and Near Major Traffic Drivers Such as Kohl’s, H-E-B Plus!, Target, The Home Depot, and Numerous Other National Retailers
- Hard Corner Location at the Intersection of South Shary Road and Cimarron Drive and Two Lots South of Expressway 83, the City’s Major East-West Thoroughfare
- Traffic Counts are Approximately 27,100 Vehicles Per Day in Front of the Property
- Close Proximity to Sharyland Plantation, a 6,000-Acre Master-Planned Community Featuring 7,000 Residents, Grove Town Center, and Class ‘A’ Sharyland Business Park
- MSA is the Retail Center of South Texas and Northern Mexico | Consumer Base of More than 10 Million People | Generates Some of the Highest Sales Per Capita in the State
