Investment Overview

Trenton Crossing Shopping Center is a 6,000-square-foot, multi-tenant retail center located in McAllen, Texas. The center is currently 100 percent leased, and all of the tenants have occupied the center since origination in 2016. Tenants consist of T-Mobile, Chipotle, and EZ Cuts, and all leases are triple-net. The building is situated on a 0.8-acre parcel with ample paved parking. A double-sided monument sign faces Trenton Road, providing additional exposure to the center. The subject property is located in a dense retail trade area on North 10th Street at the signalized intersection with Trenton Road. The center is easily accessible from multiple ingress and egress points, and cumulative traffic counts exceed 56,000 vehicles per day. Trenton Crossing Shopping Center is shadow-anchored by a top-performing Target, ranking in the 85th percentile based on annual visitors to all Target stores in the state of Texas. The center is also directly across the road from a top-ranking H-E-B grocery store, which is in the 82nd percentile in the state of Texas as compared to other H-E-B locations. Numerous other national and regional retailers are in the neighboring area, including The Home Depot, Starbucks, The UPS Store, Whataburger, AT&T Store, Panda Express, McDonald's, Chick-fil-A, Marshalls, Rack Room Shoes, Ross Dress for Less, Hobby Lobby, PetSmart, Home Goods, Old Navy, Shoe Carnival, Kohls, Olive Garden, Logan's Roadhouse, Jersey Mike's Subs, Sam's Club, Raising Cane's, and many more. The surrounding area benefits from excellent demographics, serving a population of more than 244,336 residents within a five-mile radius. The average household income is $103,730 within one mile; $89,901 within three miles; and $72,112 within five miles.