H-E-B Shadow-Anchored Retail
708 N Conway Ave Mission, TX 78572
708 N Conway Ave, Mission, TX, 78572
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For Sale
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Retail center with value-add upside in high-growth corridor.
Property Size13,534 SF
Price / SF$236.44
Days on Market55
Property Features for 708 N Conway Ave
General Information
- Standard status
- Active
- Size
- 13,534 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing Agency
ICO Real Estate Advisors, LLC
Listed by
Alejandro Garza, MPSRE, CCIM · License #TREC # 0613334
Source
Crexi
Added: May 23 Checked: Jul 16 at 10:37 am
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 ICO Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This H-E-B shadow-anchored retail center is offered for sale. Located within a high-growth corridor and surrounded by national retailers, the property provides stable in-place cash flow. There is potential for value-add upside through the ability to increase below-market rates. The property is located in one of South Texas' fastest-growing markets. The property has a size of 13534 square feet.
Key Highlights
- H‑E‑B shadow‑anchored retail center
- Located within a high‑growth corridor
- Stable in‑place cash flow from day one
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 | $277.7k | $20.52 |
| − Vacancy | −$16.7k | −$1.23 |
| EGI | $261.1k | $19.29 |
| − OpEx | −$78.3k | −$5.79 |
| NOI | $182.7k | $13.50 |
13,534 SF · lease $20.52/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.05M
NOI $182,738 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$10.19M
$8.92M – $11.89M
NOI $713,580 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
T-Mobile
Mobile Phone Store
Taqueria Mr. Regio
Restaurant
Service Loan Company
Loan Service
Keyani Boutique NewVision
Clothing & Fashion Store
Taqueria De Jalisco
Restaurant
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FAQs
What type of property is this?
Shopping center - Retail center with value-add upside in high-growth corridor.
Where is this shopping center located?
The property is located at 708 N Conway Ave Mission, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: H‑E‑B shadow‑anchored retail center; Located within a high‑growth corridor; Stable in‑place cash flow from day one
