Multi-Tenant Retail
For Sale
Contact for pricing
Pending
4501 W Expressway 83, McAllen, TX 78501
Newly constructed 2016 multi-tenant retail center is 90% leased with all triple-net leases in place.
Property Size12,820 SF
Lot Size1.23 Acres
Days on Market118
Property Features for 4501 W Expressway 83
General Information
Standard status
Pending
Size
12,820 SF
Lot size
1.23 Acres
Property subtype
Retail
Occupancy
90%
Lease Type
NNN
Site & Location
Traffic Count
100,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2016
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Aug 4 at 9:57AM
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
Investment Insights
Based on property information with market context.
Modern Shops on 83 is a newly constructed, 12,820-square-foot, multi-tenant retail center on 1.23 acres, completed in 2016. The property is approximately 90% leased, with all current leases structured as triple net. Tenant roster includes BurgerFi, Evera Lounge, Trim Med Spa, and Floss Dental.
The center is positioned in the most dense retail trade area in the region and is adjacent to Interstate 2 (US Expressway 83), with traffic counts exceeding 100,000 vehicles per day. Numerous national and regional retailers operate nearby, including Starbucks, Academy Sports & Outdoors, Tilted Kilt Pub, Cracker Barrel, Homewood Suites, SpringHill Suites, Best Buy, McAlister’s Deli, Buffalo Wild Wings, and Walmart Supercenter. The property is also described as minutes from McAllen Convention Center, the Performing Arts Center, McAllen International Airport, South Texas College’s main campus, McAllen Medical Center, and La Plaza Mall.
The center is positioned in the most dense retail trade area in the region and is adjacent to Interstate 2 (US Expressway 83), with traffic counts exceeding 100,000 vehicles per day. Numerous national and regional retailers operate nearby, including Starbucks, Academy Sports & Outdoors, Tilted Kilt Pub, Cracker Barrel, Homewood Suites, SpringHill Suites, Best Buy, McAlister’s Deli, Buffalo Wild Wings, and Walmart Supercenter. The property is also described as minutes from McAllen Convention Center, the Performing Arts Center, McAllen International Airport, South Texas College’s main campus, McAllen Medical Center, and La Plaza Mall.
Key Highlights
- Newly constructed 2016, 12,820 SF multi‑tenant retail center in McAllen, TX
- Currently 90% leased; all existing leases are triple net (NNN)
- Tenant lineup includes BurgerFi, Evera Lounge, Trim Med Spa, and Floss Dental
Property Analytics
Current Use
Lease Details
100,000 VPD
Traffic count
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed 2016 multi-tenant retail center is 90% leased with all triple-net leases in place.
Where is this shopping center located?
The property is located at 4501 W Expressway 83 McAllen, TX.
What are key features of this property?
This property features: Newly constructed 2016, 12,820 SF multi‑tenant retail center in McAllen, TX; Currently 90% leased; all existing leases are triple net (NNN); Tenant lineup includes BurgerFi, Evera Lounge, Trim Med Spa, and Floss Dental
