Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Ruby Plaza, located at 6600 Val Verde Road in Donna, Texas. This 15,000 square feet retail center is situated on a 1.32-acre plot of land and sees 16,591 vehicles per day. Ruby Plaza provides investors the opportunity to acquire a 94 percent occupied center at a seven and one-half percent cap rate. Rental rates at the subject property currently average $10.83 per square foot. Should a purchaser increase the below-market rents to an average rental rate of $13.00 per square foot, this would result in a pro-forma cap rate of 10.79 percent. A purchaser is also able to add value and increase the NOI by self-managing the property, implementing leases that allow the landlord to collect management fee reimbursements, and converting gross leases to triple net leases.