$5,692,000 USD
713-408-8555
1815 S 10th St
McAllen, TX 78503
Airport District
HIGHLIGHTS
- There are 13.1 million square feet of retail and nearly 80,000 households within a 3-mile radius which spend about $42.8 million on apparel yearly.
- 10-year lease renewal has 7+ years of term remaining with an upcoming 8% rent increase in February 2030, and one 5-year renewal option.
- Old Navy has occupied this site since its construction in 1997, demonstrating the tenant’s commitment to the site.
- Old Navy is positioned opposite the La Plaza Mall, one of the highest grossing malls per square foot nationally, with estimated sales of $1,000 psf.
- Located at the signalized intersection of Interstate 2 and 10th Street, which offers direct access and exposure to more than 140,000 vehicles per day.
- Benefits from a position along the Texas-Tamaulipas border where high traffic counts and cross-shopping are bolstered by transient consumers.
FOR SALE DETAILS
PRICE
$5,692,000 USD
PRICE/SF
$379 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Old Navy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
CROSS STREETS
Savannah Ave
LAND ACRES
1.43 AC
LAND SF
62,291 SF
ZONING
C3
APN/PARCEL ID
H2550-00-007-0010-03
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713-408-8555
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713-408-8555
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