7470 S Padre Island Hwy
Brownsville, TX 78521

Marcus & Millichap is pleased to present a value-add, multi-tenant retail center in Brownsville, Texas. Plaza Viejo is comprised of two buildings totaling 17,900 square feet that are out parcels to a former Walmart building. Currently 59 percent occupied, the property provides tremendous upside potential in leasing the vacant spaces. Tenants consist of a mix of credit and local businesses, including Cato, Pizza Patron, Fred Loya Insurance, T-Mobile, MorphoTrust USA, and JR Hutchings Mattress. All leases are triple-net. The buildings were constructed in 2005 and are situated on separate parcels totaling 2.31 acres, allowing flexibility in disposition. The subject property is located in the northeastern portion of Brownsville on one of the city’s major thoroughfares, Padre Island Highway, and directly north of Ruben M Torres Boulevard, a major east-west thoroughfare. Traffic counts are approximately 20,200 vehicles per day in front of the property. The property is shadowed by the former Walmart building that now operates as a Southwest Key Programs location, with 1,300 employees. Neighboring national and regional retailers include Church’s Chicken, McDonald’s, Burger King, Family Dollar, Dollar Tree, Whataburger, Dairy Queen, AutoZone, Little Caesars Pizza, CVS Pharmacy, Cricket Wireless, Subway, Rent-A-Center, OneMain Financial, Advance Auto Parts, and Metro by T-Mobile. Several schools are in the vicinity, including Garcia Middle School, Imagination Station Academy, Vermillion Elementary School, and Rivera Early College High School. The surrounding area is densely populated with over 139,900 residents within five miles of the property. The city of Brownsville’s proximity to the Mexican border draws consumers from both the United States and Mexico, including nearby Monterrey, Mexico’s second wealthiest city with a population of approximately 1.2 million people.