Newly Built Multi-Tenant Retail
For Sale
$7,517,000
1300 Trenton Rd, McAllen, TX 78504
Fully leased center with long-term triple-net leases and staggered expiration dates.
Property Size19,671 SF
Lot Size3.56 Acres
Price / SF$382.14
Days on Market151
Property Features for 1300 Trenton Rd
General Information
Standard status
Active
Size
19,671 SF
Lot size
3.56 Acres
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.5%
Amenities
Fully Stabilized Asset - 100% Leased with NNN Terms with Below Market Rents
Shadow-Anchored by Top-Ranking Sam's Club
Dense Retail Trade Corridor Location
Close Proximity to New $120M Upscale Mixed-Use Development, 'The District'
Building Details
Building Size
19,671 SF
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
Dallas Office
(972) 755-5225
Listed By:
Philip Levy · License #TX: 0522087
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dallas Office
Investment Insights
Based on property information with market context.
Completed in 2022, this multi-tenant retail center contains 19,671 square feet on an approximately 3.56-acre parcel. The property is fully leased to a service-oriented tenant mix that includes restaurants and retail services. Lease agreements are structured on a long-term triple-net basis with expirations distributed over time. Modern architecture and an efficient building layout support the center’s retail configuration.
The property fronts Trenton Road in McAllen, Texas, and offers access to major roads and highways, including U.S. Route 83. A Sam’s Club serves as a shadow anchor, while McAllen Medical Center is nearby. Ongoing residential and commercial development is also present in the surrounding area. The stated cap rate is 6.50%.
The property fronts Trenton Road in McAllen, Texas, and offers access to major roads and highways, including U.S. Route 83. A Sam’s Club serves as a shadow anchor, while McAllen Medical Center is nearby. Ongoing residential and commercial development is also present in the surrounding area. The stated cap rate is 6.50%.
Key Highlights
- 19,671‑square‑foot retail center completed in 2022
- Approximately 3.56‑acre parcel with frontage along Trenton Road
- Fully leased to restaurants and retail‑service tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$280,770
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,615,400
$5.6M
Cap Rate 7%
$4,011,000
$4.0M
Cap Rate 9%
$3,119,667
$3.1M
Market Conditions
NOI Build-Up for 19,671 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$424.9K $21.60/SF
− Vacancy
−$23.8K −$1.21/SF
EGI
$401.1K $20.39/SF
− OpEx
−$120.3K −$6.12/SF
NOI
$280.8K $14.27/SF
Area
McAllen, TX
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,615,400
Cap Rate 7%
$4,011,000
Cap Rate 9%
$3,119,667
Alternative Uses
Best Use
Retail
$4.01M
$3.51M – $4.68M
NOI $280,770 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.34M
$4.67M – $6.23M
NOI $373,906 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased center with long-term triple-net leases and staggered expiration dates.
Where is this strip mall located?
The property is located at 1300 Trenton Rd McAllen, TX.
What is the asking price?
The asking price for this property is $7,517,000.
What are key features of this property?
This property features: 19,671‑square‑foot retail center completed in 2022; Approximately 3.56‑acre parcel with frontage along Trenton Road; Fully leased to restaurants and retail‑service tenants
