Modern City Shops NNN Mixed Use Strip Center Texas

Sands Investment Group is Pleased to Present For Sale the 12,900 SF Modern City Shops NNN Mixed Use Strip Center Located on the City’s Primary East-West Freeway With Upside Potential Located in a Densely Populated Area of McAllen, Texas.

• 57% of Gross Leasable Area Are NNN Leases; Upside By Enforcing NNN Language Per the Leases
• Pro Forma CAP Rate (Yr.1) is 8.66%
• Regional and Franchisee Tenancy With the Tenant Base Type Being 77% Medical and 23% Fast Casual Dining; Internet-Resistant Tenancy With Strong Co-Tenancy
• Base Rents Are Below Market Due to the Significant Improvements the Tenants Put Into the Interior of Their Spaces and Equipment
• The Shopping Center is Situated Parallel to Hwy 83 Giving Tenants More Visibility to Drive By Traffic; Coupled With Consumers Exiting Walmart Supercenter Going West on the Highway Must Drive By Modern Shops Before Accessing the West Highway On-Ramp
• Highway 83 (Interstate 2) Sees Traffic Counts Exceeding 129,281 Vehicles Per Day
• Highway 83 Also Runs West Into Harlingen and North Along the Texas Border Into Laredo
• Excellent Demographics With a Population of 90,349 Residents Making an Average Household Income of $61,134 Within a 3-Mile Radius; Population Jumps to Over 189,380 Within a 5-Mile Radius
• Minutes From the Coca-Cola SW Beverage Distribution Warehouse, the McAllen Convention Center, Sharyland HS and Stadium, and the Cimarron Country Club and Golf Course
• McAllen is Located at the Southern Tip of Texas in the Rio Grande Valley and is Just 8-Miles From the Mexico Border; It is Part of the Binational Reynosa-McAllen Metropolitan Area That Has a Population of Nearly 1.52 Million People
• Nearby Tenants Include: Walmart Supercenter, Kohl’s, Target, HEB Plus!, Petco, Home Depot, IHOP, Advance Auto Parts, Chick-fil-A, Starbucks, Best Buy, Buffalo Wild Wings, Chipotle, Hobby Lobby and Much More

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706

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