Listing Agency: Sperry Commercial Global Affiliates - The Arriaga Group a***@aaare.com Show Phone

Listed By: Adrian Arriaga · License ##0450641 Show Phone

Source: Moodyscre

Added: May 29, 2024 Changed: Jul 27 Last Checked: Aug 2 at 12:09PM

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Investment Insights

Based on property information with market context.

This move-in ready restaurant space is presented for a national restaurant franchise and is ready for a fast start. The property is offered for rent and is configured to support restaurant operations.

Located at 2011 S 10th St in McAllen, Texas, the space sits in front of the number 1 mall in South Texas. Public remarks note easy accessibility and lots of parking, supporting strong convenience for guests.

Key Highlights

• Move‑in ready restaurant space
• Positioned in front of the number 1 mall in South Texas
• Easy accessibility for patrons

Property Analytics

Current Use

Oak Texas bar ... Bar & Pub Oak Texas Bar ... Bar & Pub

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Electrical Service Kitchen & Bath Showroom Catering Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.19 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 78503, TX

23,604

Population

8,090

Households

2.9

Avg Household Size

35

Median Age

25%

College-Educated

71%

High-School Grad

19.2 sq mi

ZIP Area

1,229

Density / Sq Mi

$48,765

Median Household Income

$27,514

Median Earnings

$1,087

Median Rent

$130,100

Median Home Value

Market

Lease Benchmarks for McAllen, TX

$24.13 /SF/Yr

Avg Asking Price

$12–$54 /SF/Yr

Price Range

4,356 SF

Avg Space Size

This space is priced 12% below the average of $24.13 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Move-in ready restaurant space positioned in front of a major South Texas mall with easy access and ample parking.

Where is this conventional restaurant located?

The property is located at 2011 S 10th St McAllen, TX.

What is the lease rate?

The lease rate is $11,122 /Mo.

What are key features of this property?

This property features: Move‑in ready restaurant space; Positioned in front of the number 1 mall in South Texas; Easy accessibility for patrons