Shopping Strip
Dollar Tree Plaza
1709 E Expressway 83, Penitas, TX 78576
Listing Price: $4,492,500
Investment Overview
The subject property is a 21,000-square-foot, Walmart shadow-anchored, multi-tenant retail center in Peñitas, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net providing limited landlord responsibilities. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, and 75 percent of the gross leasable area is leased to national tenants. Anchored by Dollar Tree, other tenants include Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar's, Case De Hilo, Texan Credit Corporation, Action Credit, and a nail salon. The building was constructed in 2012 and sits on a 2.11-acre parcel.
Dollar Tree Plaza is located on Expressway 83 and Tom Gill Road near the signalized intersection of Expressway 83 and Liberty Boulevard. Traffic counts in front of the property exceed 38,311 vehicles per day. Walmart Supercenter is directly north of the property, and other neighboring retailers include Dutch Bros, First Cash and Pawn, Cricket Wireless, Subway, Domino's Pizza, Sonic, Chick-fil-a, Denny's, Take 5 Oil Change, Starbucks, and more. John F. Kennedy Elementary School is located across from Walmart and has an enrollment of around 786 elementary students.
Dollar Tree Plaza
Investment Highlights
- 21,000-Square-Foot, Walmart Shadow-Anchored, Multi-Tenant Retail Center
- Walmart is a Strong Traffic Driver | 2.9 Million Visits Annually and Ranking in the 70th Percentile in the Nation, Based on Consumer Traffic (source: Placer.ai)
- 100% Occupied | All Leases are Triple-Net | Strong Tenant Base Featuring 75% National Tenants
- Expressway Location on the City's Major East-West Thoroughfare | Traffic Counts are Approximately 38,311 Vehicles per Day
- Peñitas is Part of the McAllen-Edinburg-Mission and Reynosa-McAllen Metropolitan Areas, Serving a Population of Roughly 1.5 Million | Location Benefits from Cross-Border Traffic Due to Nearby United States and Mexico Border
Exclusively Listed By
Listing Price: $4,492,500
Investment Highlights
- 21,000-Square-Foot, Walmart Shadow-Anchored, Multi-Tenant Retail Center
- Walmart is a Strong Traffic Driver | 2.9 Million Visits Annually and Ranking in the 70th Percentile in the Nation, Based on Consumer Traffic (source: Placer.ai)
- 100% Occupied | All Leases are Triple-Net | Strong Tenant Base Featuring 75% National Tenants
- Expressway Location on the City's Major East-West Thoroughfare | Traffic Counts are Approximately 38,311 Vehicles per Day
- Peñitas is Part of the McAllen-Edinburg-Mission and Reynosa-McAllen Metropolitan Areas, Serving a Population of Roughly 1.5 Million | Location Benefits from Cross-Border Traffic Due to Nearby United States and Mexico Border
Investment Overview
The subject property is a 21,000-square-foot, Walmart shadow-anchored, multi-tenant retail center in Peñitas, Texas. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net providing limited landlord responsibilities. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, and 75 percent of the gross leasable area is leased to national tenants. Anchored by Dollar Tree, other tenants include Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar's, Case De Hilo, Texan Credit Corporation, Action Credit, and a nail salon. The building was constructed in 2012 and sits on a 2.11-acre parcel. Dollar Tree Plaza is located on Expressway 83 and Tom Gill Road near the signalized intersection of Expressway 83 and Liberty Boulevard. Traffic counts in front of the property exceed 38,311 vehicles per day. Walmart Supercenter is directly north of the property, and other neighboring retailers include Dutch Bros, First Cash and Pawn, Cricket Wireless, Subway, Domino's Pizza, Sonic, Chick-fil-a, Denny's, Take 5 Oil Change, Starbucks, and more. John F. Kennedy Elementary School is located across from Walmart and has an enrollment of around 786 elementary students.
Exclusively Listed By
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