Investment Overview

Valencia Marketplace is a 100 percent leased, 12,224-square-foot, multi-tenant retail center located in McAllen, Texas. Tenants are a complementary mix of internet-resistant and service-oriented tenants including La Estacion Bakery, Allure Nails, Siempre Natural restaurant, and Brident Dental. All tenants are on triple-net leases, providing limited landlord responsibilities. The building is situated on a 1.57-acre parcel with ample paved parking. A double-sided monument sign faces North 10th Street, offering additional exposure to the center. The subject property is located in a dense retail trade area on North 10th Street near the signalized intersection with Trenton Road. The center is easily accessible from multiple ingress and egress points, and cumulative traffic counts exceed 50,736 vehicles per day. Valencia Marketplace is shadow-anchored by a top-performing Sam's Club, ranked as the number two store in the nation based on annual visitors to all Sam's Club stores (source: Placer.ai). Numerous other national and regional retailers are in the neighboring area, including Target, Marshalls, Daiso, Ross Dress for Less, Dollar Tree, Hobby Lobby, PetSmart, Home Goods, Old Navy, The Home Depot, Starbucks, The UPS Store, Whataburger, AT&T Store, Panda Express, McDonald's, Chipotle, T-Mobile, Olive Garden, Logan's Roadhouse, Jersey Mike's, Raising Cane's, and many more. The surrounding area benefits from excellent demographics, serving a population of more than 233,916 residents within a five-mile radius. The average household income is $94,660 within one mile; $88,852 within three miles; and $73,737 within five miles.