Shopping Strip
Trenton Crossing III
8012 N 10th St, McAllen, TX 78504
Listing Price: $11,952,000
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a 63,027-square-foot, two-tenant retail center located in McAllen, Texas. Tenants consist of Best Buy and Kids Wonderland. Best Buy is a publicly-traded company (NYSE: BBY) and occupies 71% of the gross leasable area. Kids Wonderland is a regional indoor play center with two additional locations in Austin and San Antonio. Both leases are on triple-net terms and have renewal options with scheduled rental increases. Constructed in 2007, the building is situated on a large 8.80-acre parcel with ample paved parking.
The subject property is located in a dense retail trade area on North 10th Street near the signalized intersection of North 10th Street and Wisconsin Road. Traffic counts in front of the property exceed 26,677 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Kohl's, Shoe Sensation, Old Navy, HomeGoods, PetSmart, Hobby Lobby, Dollar Tree, Rack Room Shoes, Daiso, Marshalls, Starbucks, The UPS Store, Target, Olive Garden, McDonalds, Sam's Club, Walmart, CATO, Logan's Roadhouse, Jersey Mike's, Raising Cane's, and many more.
Trenton Crossing III
Investment Highlights
- 63,027-Square-Foot, Two-Tenant Retail Center Located in a High-Traffic Retail Corridor with Exceptional Annual Retail Sales of $11.16 Billion within a Five-Mile Radius
- Fully Stabilized Asset | 100% Occupied | 100% Triple-Net Leases
- Anchored by a Top-Performing Best Buy (NYSE: BBY) | Long-Term Tenant in the Center for 16+ Years | This Location Ranks is in the 94th Percentile for the State of Texas, and 95th Percentile Nationwide
- Situated on North 10th Street Near Signalized Intersection with Wisconsin Road |Traffic Counts Exceed 26,677 Vehicles per Day
- Close Proximity to New $120M Upscale Mixed-Use Development 'The District' Located in the Southwest Quadrant of the North 10th Street and Wisconsin Road/Auburn Avenue Intersection
Exclusively Listed By
Financing By
Listing Price: $11,952,000
Investment Highlights
- 63,027-Square-Foot, Two-Tenant Retail Center Located in a High-Traffic Retail Corridor with Exceptional Annual Retail Sales of $11.16 Billion within a Five-Mile Radius
- Fully Stabilized Asset | 100% Occupied | 100% Triple-Net Leases
- Anchored by a Top-Performing Best Buy (NYSE: BBY) | Long-Term Tenant in the Center for 16+ Years | This Location Ranks is in the 94th Percentile for the State of Texas, and 95th Percentile Nationwide
- Situated on North 10th Street Near Signalized Intersection with Wisconsin Road |Traffic Counts Exceed 26,677 Vehicles per Day
- Close Proximity to New $120M Upscale Mixed-Use Development 'The District' Located in the Southwest Quadrant of the North 10th Street and Wisconsin Road/Auburn Avenue Intersection
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a 63,027-square-foot, two-tenant retail center located in McAllen, Texas. Tenants consist of Best Buy and Kids Wonderland. Best Buy is a publicly-traded company (NYSE: BBY) and occupies 71% of the gross leasable area. Kids Wonderland is a regional indoor play center with two additional locations in Austin and San Antonio. Both leases are on triple-net terms and have renewal options with scheduled rental increases. Constructed in 2007, the building is situated on a large 8.80-acre parcel with ample paved parking. The subject property is located in a dense retail trade area on North 10th Street near the signalized intersection of North 10th Street and Wisconsin Road. Traffic counts in front of the property exceed 26,677 vehicles per day. Numerous national and regional retailers are in the surrounding area, including Kohl's, Shoe Sensation, Old Navy, HomeGoods, PetSmart, Hobby Lobby, Dollar Tree, Rack Room Shoes, Daiso, Marshalls, Starbucks, The UPS Store, Target, Olive Garden, McDonalds, Sam's Club, Walmart, CATO, Logan's Roadhouse, Jersey Mike's, Raising Cane's, and many more.
Exclusively Listed By
Financing By
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