7501 N 10Th St McAllen, TX 78504

Property Details for 7501 N 10Th St

Year built

2014

Lot size

1.57 lot acres

Property size

12,325 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

P7400-1A-000-003A-00

APU

P74001A000003A00

Description

This exceptional 12,224 square-foot shopping center in McAllen, Texas, presents a compelling investment opportunity. Boasting a 6.75% cap rate and a 100% occupancy rate, the property features four tenants on triple-net (NNN) leases, minimizing landlord responsibilities. The diverse tenant mix includes internet-resistant and service-oriented businesses such as a bakery, nail salon, restaurant, and dental practice. Situated on a 1.57-acre lot, the center benefits from ample parking and a double-sided monument sign on North 10th Street, ensuring high visibility. Its prime location near the intersection of North 10th Street and Trenton Road, a high-traffic area with over 50,736 vehicles daily, provides excellent accessibility. The property enjoys a shadow anchor position next to a top-performing Sam's Club, further enhancing its appeal. The surrounding area is densely populated, with over 233,916 residents within a five-mile radius and strong average household incomes exceeding $94,660 within one mile. Numerous national and regional retailers are nearby, creating a vibrant retail environment. Built in 2014, this stabilized asset offers a secure and profitable investment with significant upside potential. The asking price is $5,506,000, translating to $450.43 per square foot. The property's strong performance, prime location, and diverse tenant base make it an ideal addition to any investment portfolio.

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Longitude

-98.2192

Latitude

26.2712

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments