Multi-Tenant Retail
2224 W Trenton Rd, Edinburg, TX 78539
For Sale
New
$3,985,000
Seven tenants occupy the property under triple-net leases backed by personal guarantees.
Property Size13,023 SF
Price / SF$305
Days on Market1
Property Features for 2224 W Trenton Rd
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Cap Rate
Tenant in Place
Amenities
100% OCCUPIED | MULTI-TENANT NNN RETAIL CENTER
100% OF LEASES PERSONALLY GUARANTEED | ADDITIONAL CREDIT SUPPORT
TWO DRIVE-THROUGH RESTAURANT END CAPS | HIGHLY DESIRABLE RETAIL CONFIGURATION
STRATEGIC TRENTON ROAD FRONTAGE | NEAR SIGNALIZED INTERSECTION
ESTABLISHED REGIONAL RETAIL CORRIDOR | CONTINUED COMMERCIAL INVESTMENT
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Nov 6
Last Checked: Nov 6 at 2:51PM
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 Marcus & Millichap - Dallas
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Investment Insights
Based on property information with market context.
Built in 2007, this 13,023-square-foot retail center at 2224 W Trenton Rd in Edinburg is configured for multiple tenants. Seven businesses occupy the property, and each lease is structured on a triple-net basis with a personal guarantee.
The center is situated on West Trenton Road near South Jackson Road. Its current occupancy is 100 percent, with all seven tenant spaces occupied.
The center is situated on West Trenton Road near South Jackson Road. Its current occupancy is 100 percent, with all seven tenant spaces occupied.
Key Highlights
- 13,023‑square‑foot multi‑tenant retail center
- Built in 2007
- 100 percent occupied by seven tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,137
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,740
$2.9M
Cap Rate 7%
$2,073,386
$2.1M
Cap Rate 9%
$1,612,633
$1.6M
Market Conditions
NOI Build-Up for 13,023 SF
Gross rent
$226.6K $17.40/SF
− Vacancy
−$19.3K −$1.48/SF
EGI
$207.3K $15.92/SF
− OpEx
−$62.2K −$4.78/SF
NOI
$145.1K $11.14/SF
Area
Edinburg, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,740
Cap Rate 7%
$2,073,386
Cap Rate 9%
$1,612,633
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,137 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,539 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Shopping centers in Hidalgo County, TX
Properties on Market for Shopping centers in Hidalgo County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- ANGEL agency — 3213 W Alberta Rd, McAllen, TX 78504
- Bentley — Edinburg, TX 78539
- Stoneworks Plaza — 4710 S Jackson Rd, Edinburg, TX 78539
- Trenton town center — S McColl Rd, Edinburg, TX 78539
Frequently Asked Questions
What type of property is this?
Shopping center - Seven tenants occupy the property under triple-net leases backed by personal guarantees.
Where is this shopping center located?
The property is located at 2224 W Trenton Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: 13,023‑square‑foot multi‑tenant retail center; Built in 2007; 100 percent occupied by seven tenants
