210-253-6035
3601 S Business Highway 281, Edinburg, TX for Sale
Storefront - FOR SALE
1/7
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3601 S Business Highway 281
Edinburg, TX 78539


HIGHLIGHTS

  • Newer Construction Value Add Center (2019)
  • Strong Demographics
  • Excellent Visibility & Frontage
  • Anchored Strong Credit Tenant
  • NNN Leases with Annual Rent Increases
  • Attractive Entry Basis & In Place Rents

OVERVIEW

CBRE’s South Texas Retail Investment Sales Team has been exclusively retained to offer Trimani Plaza, a 17,485 square foot, multi tenant retail center located at 3601 S Business 281 in Edinburg, Texas (“Property”). Built in 2019, the Property sits on a 1.84 acre signalized corner site with excellent visibility and access along a primary commercial corridor. The center is currently 93% occupied, offering stable in place income with upside through lease up of remaining vacancy. Trimani Plaza is a medical focused retail center anchored by Humana, operating as Center Well Senior Primary Care, occupies approximately 72% of the property with 5 years remaining on their 10 year lease, providing credit backed cash flow. Humana also pays the lowest rent at the property ($13.91/sf/yr), which is significantly below market rents in the area. This provides a new owner the opportunity to significantly increase future cash flow when Humana’s lease expires. The Property benefits from strong demographics, including $100K+ average household incomes within one mile and a population of over 237,000 residents within five miles. Trimani Plaza is offered at $3,678,800, representing a 7.00% in place cap rate, an attractive $210 PSF basis, and average in place base rents of $15.42 PSF. With modern construction, credit anchored tenancy, and a growing trade area, Trimani Plaza offers investors a compelling value add retail opportunity in South Texas.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Trimani Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

-

APN/PARCEL ID

B2310-00-000-001A-00

ASK ABOUT THIS PROPERTY

210-253-6035

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210-253-6035

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