Skip to main content

Shopping Strip

Ruby Plaza

6600 Val Verde Rd, Donna, TX 78537

Listing Price: $1,650,000

Cap Rate
7.50%
Gross SF
15,002
Rentable SF
15,002
Price/Gross SF
$109.99
Lot Size
1.32 acres
Year Built
2013

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.

Investment Highlights

  • 94 Percent Occupied – Allows for Purchaser to Add Value by Leasing Vacancy
  • Significant Upside by Raising Below-Market Rents to $13.00 per Square Foot
  • Opportunity to Add Value by Converting Gross Leases to NNN Leases
  • Priced Below Replacement Cost: $109.99 Per Square Foot to Building

Exclusively Listed By

Financing By

Shopping Strip

Ruby Plaza

Listing Price: $1,650,000

Cap Rate
7.50%
Gross SF
15,002
Rentable SF
15,002
Price/Gross SF
$109.99
Lot Size
1.32 acres
Year Built
2013

Investment Highlights

  • 94 Percent Occupied – Allows for Purchaser to Add Value by Leasing Vacancy
  • Significant Upside by Raising Below-Market Rents to $13.00 per Square Foot
  • Opportunity to Add Value by Converting Gross Leases to NNN Leases
  • Priced Below Replacement Cost: $109.99 Per Square Foot to Building

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.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower