Marcus & Millichap is pleased to exclusively offer for sale North McColl Shopping Center, a 14,341-square-foot shopping center located at 3200 North McColl Road in McAllen, Texas.
North McColl Shopping Center is offered for sale at a price of $1,300,000. This newly constructed property offers significant value-add potential. With only 18.65 percent occupancy and a low price per square foot, a buyer could add value by bringing in new tenants and stabilizing the cash flow.
The subject property is located in a robust economic area, fueled by a growing population and a strong demand for retail, office, and service-oriented tenants.
Value-Add Opportunity: Built in 2018 and in excellent condition, this property is currently only 18.65 percent leased, allowing an investor to create value through leasing and tenant repositioning.
Strategically located just off North McColl Road, a major thoroughfare with high traffic counts, ensuring excellent visibility and accessibility.
Situated in densely populated area with over 280,000 residents within a 5-mile radius, this area offers strong demand drivers for retail, office, or service-oriented tenants.
McAllen is a shopping mecca, attracting millions of visitors annually to its renowned retail districts, benefiting local businesses and increasing foot traffic.
The region boasts robust economic activity, fueled by a growing population, cross-border commerce, and a thriving retail sector.
The property is located near Walmart Neighborhood Market, H-E-B, Cinemark Hollywood, further boosting consumer draw to the area and complementing the tenant mix.