4100 N 2nd St - Retail FOR SALE


McAllen, TX 78504- Downtown McAllen
$9,500,000 USD
510-289-1166
4100 N 2nd St, McAllen, TX for Sale
$9,500,000 USD
Retail - FOR SALE
1/4
null | 6.75% Cap Rate

4100 N 2nd St
McAllen, TX 78504
Downtown McAllen


HIGHLIGHTS

  • 100% Leased Shopping Center Opportunity with a Diverse Tenant Mix
  • Anchored by Mr. Gatti's Pizza, featuring a Drive-Thru Pickup Window, and Shadow-Anchored by Cinemark Movie Theater
  • Majority of Leases Feature Rent Increases, Providing a Hedge Against Inflation
  • High Concentration of Schools Supporting Consistent Family- and Student-Driven Traffic
  • Population of 622,354 within a 10-Mile Radius
  • No State Income Tax in Texas

OVERVIEW

The Lantana Center is a fully leased shopping center opportunity with a diverse tenant mix, prominent signage, and scheduled rent growth. The property is anchored by Mr. Gatti's Pizza, featuring a convenient drive-thru pickup window and shadow-anchored by a 17-screen Cinermark movie theater, resulting in additional draw from a major national tenant adjacent to the property. The property benefits from dense, growing demographics, with ample residential development activity surrounding the site, as well as a high concentration of schools within a 5-mile radius, supporting consistent family- and student-driven traffic to the area. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lantana Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

298

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,987 SF

ZONING

-

APN/PARCEL ID

S6858-00-000-000A-00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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