Current Use by Public Records
- Lifestyle centers
Property Details for 2001 Trenton Rd
- Year built
- 2008
- Lot size
- 15.13 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 98,426 square foot shopping center in McAllen, Texas, presents a compelling value-add investment opportunity. Located at 2001 W Trenton Rd, 78504, this single-building property boasts a prime location along a major thoroughfare in a high-growth, affluent area with average household incomes exceeding $112,000 within a one-mile radius. The property features a mix of credit-rated franchise tenants, including Cinemark and Trufit, with six tenants total. Currently 76% occupied, the center offers significant upside potential through lease-up of vacant space and rent increases. Built in 2008, the property sits on 15.13 acres of commercially zoned land and includes 591 parking spaces per 1,000 square feet. The asking price is $12,763,000, representing a price per square foot of $129.67 and a land value of $125 per square foot. The property benefits from a strong in-place cap rate of 8.15%, a NNN lease structure, and a remaining lease term of four years with rent bumps included. Its strategic location across from prominent medical facilities further enhances its appeal. This fee-simple ownership opportunity combines the stability of long-term anchor tenants with the potential for substantial future growth. The property's high traffic counts and strong demographics make it an ideal investment for discerning buyers seeking a value-add retail asset in a thriving Texas market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.191
- Latitude
- 26.2658
