Trenton Crossing Shopping Center

Price: $4,515,000
Sq. Ft.: 6,000
Cap Rate: 6.0%
Built: 2016
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CLICK TO VIEW TRENTON CROSSING OFFERING MEMORANDUM


Trenton Crossing Shopping Center is a 6,000-square-foot, multi-tenant retail center located in McAllen, Texas. The center is currently 100 percent leased, and all of the tenants have occupied the center since origination in 2016.  Tenants consist of T-Mobile, Chipotle, and EZ Cuts, and all leases are triple-net. The building is situated on a 0.8-acre parcel with ample paved parking. A double-sided monument sign faces Trenton Road, providing additional exposure to the center.

The subject property is located in a dense retail trade area on North 10th Street at the signalized intersection with Trenton Road. The center is easily accessible from multiple ingress and egress points, and cumulative traffic counts exceed 56,000 vehicles per day. Trenton Crossing Shopping Center is shadow-anchored by a top-performing Target, ranking in the 85th percentile based on annual visitors to all Target stores in the state of Texas. The center is also directly across the road from a top-ranking H-E-B grocery store, which is in the 82nd percentile in the state of Texas as compared to other H-E-B locations. Numerous other national and regional retailers are in the neighboring area, including The Home Depot, Starbucks, The UPS Store, Whataburger, AT&T Store, Panda Express, McDonald’s, Chick-fil-A, Marshalls, Rack Room Shoes, Ross Dress for Less, Hobby Lobby, PetSmart, Home Goods, Old Navy, Shoe Carnival, Kohls, Olive Garden, Logan’s Roadhouse, Jersey Mike’s Subs, Sam’s Club, Raising Cane’s, and many more. The surrounding area benefits from excellent demographics, serving a population of more than 244,336 residents within a five-mile radius. The average household income is $103,730 within one mile; $89,901 within three miles; and $72,112 within five miles.

  • 6,000-Square-Foot, Three-Tenant Retail Center
  • Fully Stabilized Asset | 100% Occupied | 100% Triple-Net Leases | All Tenants have Occupied the Center Since Building Completion
  • Shadow-Anchored by a Top-Performing Target Store | This Location Ranks #1 Within a 15-Mile Radius, is in the 85th Percentile for the State of Texas, and is in the 84th Percentile Nationwide, Compared to Other Target Stores Based on Consumer Traffic (source: Placer Labs Inc.)
  • Directly Across from a Top-Ranking H-E-B Grocery Store | Ranks in the 82nd Percentile, Compared to Other H-E-B Stores (source: Placer Labs Inc.)
  • T-Mobile (NASDAQ: TMUS) and Chipotle (NYSE: CMG) are Publicly Traded Companies | EZ Cuts is a Family-Owned Business with Multiple Locations in McAllen, Edinburg, Pharr, Mission, and Weslaco
  • Signalized, Hard Corner Location at the Intersection of North 10th Street and Trenton Road | Easily Accessible from Multiple Ingress and Egress Points | Traffic Counts Exceed 56,000 Vehicles per Day Cumulatively
  • Located in a Major Retail Trade Corridor | Near Numerous National and Regional Retailers, Including The Home Depot, Sam’s Club, Marshalls, Rack Room Shoes, Ross Dress for Less, Hobby Lobby, Home Goods, PetSmart, Old Navy, and Many More
  • Densely Populated Area with More than 244,336 Residents Within a Five-Mile Radius
  • Located in the McAllen-Edinburg-Mission MSA | Retail Hub for the Rio Grand Valley
  • Also Part of the Reynosa-McAllen Metropolitan Area, Serving a Population of Roughly 1.5 Million