1301 E US Highway 83 - Medical FOR SALE


McAllen, TX 78501- Downtown McAllen
$3,110,000 USD
972-860-9950
1301 E US Highway 83, McAllen, TX for Sale
$3,110,000 USD
Medical - FOR SALE
1/4
null | 6.99% Cap Rate

1301 E US Highway 83
McAllen, TX 78501
Downtown McAllen


OVERVIEW

Corporate Guaranty from New Benevis Smiles, LLC | Backed by New Mountain Capital, a top-decile private equity firm with more than $55 billion in assets under management, providing institutional sponsorship behind one of the nation’s largest dental platforms Premier McAllen Retail Location | Positioned in the heart of McAllen’s premier retail corridor, directly along US Highway 83 and surrounded by the city’s highest concentration of national retailers, restaurants, and regional shopping destinations Dominant Retail Position | Outparcel to Home Depot and Ashley Furniture and directly across from Pharr Town Center (460,000 SF), home to Academy, TJ Maxx, Ross, Five Below, Main Event, World Market, and numerous other national retailers High-Visibility Signalized Intersection | Excellent frontage along US Highway 83 with exposure to more than 22,000 vehicles per day Demonstrated Long-Term Tenant Commitment | Tenant recently invested in a complete 2024 renovation while consolidating two existing locations into this flagship McAllen practice Long-Term NN Lease | Over 6 years of remaining lease term with limited landlord responsibilities (roof & structure only) Built-In Rental Growth – Two (2) five-year renewal options featuring 10% rental increases Dense & Affluent Trade Area | More than 238,000 residents within a 5-mile radius with average household incomes exceeding $77,000 Healthcare Real Estate with Essential-Service Tenant | Dental services provide recession-resistant demand driven by recurring patient care and favorable long-term demographics Regional Economic Driver | McAllen serves as the commercial and healthcare hub of the Rio Grande Valley and a primary gateway for U.S.–Mexico trade, supporting continued population and retail growth

FOR SALE DETAILS

PRICE

$3,110,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elstar Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

F1

APN/PARCEL ID

J2003-02-000-0005-00

ASK ABOUT THIS PROPERTY

Jason VitorinoSUMMIT REMore Info
972-860-9950

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Jason VitorinoSUMMIT REMore Info
972-860-9950

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.