Stone Oak Plaza

Price: $3,609,000
Sq. Ft.: 8,654
Cap Rate: 6.5%
Built: 2008
Absolute Net, Gross

Stone Oak Plaza is an 8,654-square foot, multi-tenant retail center in McAllen, Texas. The center is 100 percent occupied, and 76 percent of the gross leasable area has triple-net leases. Tenants consist of AT&T, Five Guys Burgers and Fries, and Kato Sushi. AT&T recently exercised a lease renewal for an additional four years. The building was constructed in 2008 and is situated on 1.57 acres.

  • 100% Occupied Multi-Tenant Retail Center
  • 76% of the Gross Leasable Area has Credit Tenants with Triple-Net Leases
  • Tenants Consist of AT&T, Five Guys, and Kato Sushi
  • AT&T Recently Exercised a Four-Year Lease Renewal
  • Five Guys and Kato Sushi have Annual Rent Increases
  • Freeway Location in the Region’s Prime Retail Trade Area | Numerous National and Regional Tenants in the Surrounding Area
  • Signalized Hard Corner of Expressway 83 and South Ware Road
  • Traffic Counts Exceed 106,000 Vehicles per Day on Expressway 83 and 35,700 Vehicles per Day on South Ware Road
  • Densely Populated with More than 189,400 Residents within Five Miles
  • Located in the McAllen-Edinburg-Mission MSA | Retail Hub of the Rio Grande Valley