Leased Shopping Center with
4100 N 2nd St McAllen, TX 78504
4100 N 2nd St, McAllen, TX, 78504
Contact for pricing
For Sale
Contact for pricing
Fully leased shopping center anchored by Mr. Gatti's Pizza with a drive-thru pickup window and shadow-anchored by a Cinermark theater.
Property Size38,145 SF
Price / SF$249.05
Days on Market113
Property Features for 4100 N 2nd St
General Information
- Standard status
- Active
- Size
- 38,145 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing agency
Fisher James Capital
Listed by
Putnam Daily · License #CA 01750064
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 4:07AM Checked: Jul 21 at 4:07AM
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 Fisher James Capital
Investment Insights
Based on property information with market context.
The Lantana Center is a fully leased shopping center opportunity with a diverse tenant mix and prominent signage. The property is anchored by Mr. Gatti's Pizza and includes a convenient drive-thru pickup window. A 17-screen Cinermark movie theater provides a shadow-anchor effect, supporting additional demand from a major national tenant adjacent to the property, as described in the offering materials.
The center is located at 4100 N 2nd St, McAllen, TX 78504. The property is presented with scheduled rent growth and is supported by dense, growing demographics and residential development activity in the surrounding area. The listing also notes a high concentration of schools within a 5-mile radius, which may contribute to consistent family- and student-driven traffic.
As presented, the asset is offered for sale with a tenant base anchored by quick-service and entertainment uses, combining food and theater draw within the shopping center setting.
The center is located at 4100 N 2nd St, McAllen, TX 78504. The property is presented with scheduled rent growth and is supported by dense, growing demographics and residential development activity in the surrounding area. The listing also notes a high concentration of schools within a 5-mile radius, which may contribute to consistent family- and student-driven traffic.
As presented, the asset is offered for sale with a tenant base anchored by quick-service and entertainment uses, combining food and theater draw within the shopping center setting.
Key Highlights
- Year built 1997 shopping center opportunity listed as fully leased
- Anchored by Mr. Gatti's Pizza with a drive‑thru pickup window
- Shadow‑anchored by a 17‑screen Cinermark movie theater
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $823.9k | $21.60 |
| − Vacancy | −$46.1k | −$1.21 |
| EGI | $777.8k | $20.39 |
| − OpEx | −$233.3k | −$6.12 |
| NOI | $544.5k | $14.27 |
38,145 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.78M
$6.81M – $9.07M
NOI $544,454 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.36M
$9.06M – $12.08M
NOI $725,060 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jason's Deli
Restaurant
Big League Sports
Baseball Goods Store
StretchLab
Gym & Fitness Center
Mr Gatti's Pizza
Restaurant
Sport Clips Haircuts ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Mission Restaurant Supply Leasing — 3400 N 10th St, McAllen, TX 78501
- Coin Cloud Bitcoin ATM — 3010 N 10th St, McAllen, TX 78501
- Coin Cloud Bitcoin ATM — 3200 N 10th St, McAllen, TX 78501
- Cubbies McAllen — 3428 N 10th St suite 100, McAllen, TX 78501
- Coinstar Kiosk | Bitcoin ATM — H.E.B., 3200 N 10th St., McAllen, TX 78501
FAQs
What type of property is this?
Shopping center - Fully leased shopping center anchored by Mr. Gatti's Pizza with a drive-thru pickup window and shadow-anchored by a Cinermark theater.
Where is this shopping center located?
The property is located at 4100 N 2nd St McAllen, TX.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Year built 1997 shopping center opportunity listed as fully leased; Anchored by Mr. Gatti's Pizza with a drive‑thru pickup window; Shadow‑anchored by a 17‑screen Cinermark movie theater
