4501 W Expressway 83 - Freestanding FOR SALE
Mission, TX 78501 |
4501 W Expressway 83
Mission, TX 78501
HIGHLIGHTS
- 57% of Gross Leasable Area Are NNN Leases; Upside By Enforcing NNN Language Per the Leases
- Pro Forma CAP Rate (Yr.1) is 8.66%
- Regional and Franchisee Tenancy With the Tenant Base Type Being 77% Medical and 23% Fast Casual Dining
- Base Rents Are Below Market Due to the Significant Improvements the Tenants Put Into the Interior of Their Spaces and Equipment
- Highway 83 (Interstate 2) Sees Traffic Counts Exceeding 129,281 Vehicles Per Day
- The Shopping Center is Situated Parallel to Hwy 83 Giving Tenants More Visibility to Drive By Traffic; Coupled With Consumers Exiting Walmart
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Modern City Shops - McAllen, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
12900
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
B2619-00-000-0003-00
