2017 S 10th St
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2017 S 10th St
21,500 SF 85% Leased Retail Building McAllen, TX 78503 $6,290,000 ($293/SF) 7.01% Cap Rate
Investment Highlights
- +/- 21,500 Square Foot Retail Center
- Excellent Location Across From La Plaza Mall
- McAllen’s Busiest Trade Area
- Anchored By Verizon Wireless (25+ Year Tenure)
- Shared Trade Area With Multilple National Brands
- Proximity to McAllen International Airport
Executive Summary
This excellent retail center is located directly across from La Plaza Mall in McAllen, Texas. La Plaza Mall is a top performing mall in the Simon Mall system and is in the top 10 performing malls in the state of Texas. Located on South 10th Street and only minutes from the McAllen International Airport, this property is ideally situated on one of the area’s busiest thoroughfares and is a short distance from Expressway 83 (I-2).
At 21,500 square feet, this concrete block construction plaza sits on approximately 1.18 acres of prime commercial land and currently houses tenants that include Verizon Wireless, Tamayo’s Fabrica De Oro (Tamayo Gold) and Liquor 101.
This strong mix of national and regional Tenants along with a A+ location makes this center an excellent choice for the investor or end-user.
At 21,500 square feet, this concrete block construction plaza sits on approximately 1.18 acres of prime commercial land and currently houses tenants that include Verizon Wireless, Tamayo’s Fabrica De Oro (Tamayo Gold) and Liquor 101.
This strong mix of national and regional Tenants along with a A+ location makes this center an excellent choice for the investor or end-user.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
21,500 SF
Building Class
B
Year Built
1982
Price
$6,290,000
Price Per SF
$293
Cap Rate
7.01%
NOI
$440,750
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
1.18 AC
Zoning
CO
Parking
61 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
185 FT on S 10th St
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- C-1
- 3,267 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| C-1 | 3,267 SF | Retail | In-Line | Now |
C-1
| Size |
| 3,267 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | C6080-00-000-000A-00 | Improvements Assessment | $965,741 |
| Land Assessment | $1,001,579 | Total Assessment | $1,967,320 |
PROPERTY TAXES
Parcel Number
C6080-00-000-000A-00
Land Assessment
$1,001,579
Improvements Assessment
$965,741
Total Assessment
$1,967,320
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2017 S 10th St
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