0 Mile 3 Rd Mission, TX 78573

This exceptional 89,316 square foot shopping center in Palmhurst, Texas, presents a compelling investment opportunity. The property boasts three single-story buildings constructed in 2015, situated on a substantial 13.22-acre lot. Currently 84% occupied, the center features a diverse mix of 13 tenants, including national brands like AT&T, Ross Dress for Less, Goodwill, Wingstop, and more. The strong tenant lineup, coupled with a 7.37% cap rate and a net operating income (NOI) of $1,138,417, demonstrates significant potential for return. The property benefits from a prime location at a signalized intersection with high traffic counts (+50,800 combined), excellent visibility, and frontage. Its strategic placement near a major H-E-B grocery store and fuel station (over 2.5 million annual visits), a Walmart-anchored shopping center, and a regional medical center further enhances its appeal. The property also enjoys proximity to numerous multi-family developments, totaling over 630 units within a 4-mile radius. With 17 units and ample parking, this shopping center offers a robust investment opportunity with upside potential in leasing the remaining 12,072 square feet of vacant space. The land value is $26.78 per square foot. An assumable loan is available at below-market interest rates (5.59%) with a 60% loan-to-value ratio. The asking price is $15,451,755 ($173 per square foot).