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    301 Alton Blvd Alton, TX 78573

    For Sale
    $2,203,586

    High-yield Texas retail center, 100% occupied.

    Property size:
    6,783 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail investment opportunity presents a 6,783 square foot, single-story building situated on a 0.69-acre lot in Alton, Texas. The property, built in 2016, boasts a 100% occupancy rate with five tenants: Verizon Wireless, Antojitos Mexicanos, Barri Financial, Fred Loya Insurance, and Pappa's Pizza, all operating under absolute NNN leases, minimizing landlord responsibilities. The property generates a strong net operating income (NOI) of $159,760, resulting in an attractive 7.25% cap rate. Located on US-107, a major thoroughfare with over 18,000 vehicles passing daily, this highly visible outparcel benefits from its proximity to a major supermarket attracting over 795,000 annual visitors. The area demonstrates robust growth, with a 10.1% population increase within a 5-mile radius since 2010. The asking price is $2,203,586, offering a compelling return on investment. National retailers like McDonald's, KFC, CVS, AutoZone, O'Reilly Auto Parts, and Dollar Tree are located nearby, further enhancing the property's desirability and potential for long-term growth. 80% of the current tenants have been in place since the center opened. This fee-simple ownership opportunity provides a stable and lucrative investment in a thriving Texas market.

    Property Features for 301 Alton Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,783 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • Alton Plaza, a retail strip center in Alton, TX, located in South Texas.
    • Fully leased with a strong mix of national and regional tenants.
    • Triple‑net (NNN) lease structure; landlord responsibilities are minimal.
    • High visibility and accessibility; over 18,000 vehicles per day.
    • Strong population growth; 10.1% increase within a 5‑mile radius since 2010.
    • Outparcel to a high‑traffic junior supermarket attracting over 795,000 annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3141711
    Latitude
    26.2892256

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield Texas retail center, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 301 Alton Blvd Alton, TX.
    What is the asking price?
    The asking price for this property is $2,203,586.
    What are key features of this property?
    This property features: Alton Plaza, a retail strip center in Alton, TX, located in South Texas.; Fully leased with a strong mix of national and regional tenants.; Triple-net (NNN) lease structure; landlord responsibilities are minimal.
    Request Owner's contact information
    301 Alton Blvd Alton, TX 78573
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 Alton Blvd Alton, TX 78573
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