Shopping Strip
Workforce Solutions & Columbia Rio Grande Healthcare
2101 S 2nd St, McAllen, TX 78503
Listing Price: $7,953,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 31,428-square-foot, two-tenant, medical/office building located in McAllen, Texas. Tenants consist of Columbia Rio Grande Healthcare and Workforce Solutions. Columbia Rio Grande Healthcare recently executed a new 10-year lease that includes annual rent increases. Both leases are triple-net with renewal options. The building was originally constructed in 1991 and sits on 2.14 acres.
The subject property is well positioned on South 2nd Street near the signalized intersection with Savannah Avenue with close access to Interstate Highway 2. Traffic counts in front of the property on South 2nd Street are approximately 15,748 vehicles per day. The subject property is also in close proximity to multiple medical offices including South Texas Health System McAllen, serving as the flagship hospital of the South Texas Health System, designated as advanced Level II Trauma Center for Hidalgo County. Rio Grande Regional Hospital is also less than one mile north of the subject property, offering more than 30 common lab tests to provide fast, accurate lab tests and screening results.
Investment Highlights
- 31,428-Square-Foot, Two-Tenant Medical/Office Center
- 100% Occupied with Triple-Net Leases
- Anchored by New 10-Year Lease with Columbia Rio Grande Healthcare (60% of the Gross Leasable Area) | Lease Includes Scheduled Annual Rent Increases, Providing Year-Over-Year Income Growth
- Workforce Solutions Occupies 40% of the Gross Leasable Area
- Well Positioned on South 2nd Street Near Signalized Intersection with Savannah Avenue | Multiple Ingress and Egress Points | Traffic Counts In Front of the Property are Approximately 15,748 Vehicles per Day
Exclusively Listed By
Financing By
Shopping Strip
Workforce Solutions & Columbia Rio Grande Healthcare
Listing Price: $7,953,000
Investment Highlights
- 31,428-Square-Foot, Two-Tenant Medical/Office Center
- 100% Occupied with Triple-Net Leases
- Anchored by New 10-Year Lease with Columbia Rio Grande Healthcare (60% of the Gross Leasable Area) | Lease Includes Scheduled Annual Rent Increases, Providing Year-Over-Year Income Growth
- Workforce Solutions Occupies 40% of the Gross Leasable Area
- Well Positioned on South 2nd Street Near Signalized Intersection with Savannah Avenue | Multiple Ingress and Egress Points | Traffic Counts In Front of the Property are Approximately 15,748 Vehicles per Day
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 31,428-square-foot, two-tenant, medical/office building located in McAllen, Texas. Tenants consist of Columbia Rio Grande Healthcare and Workforce Solutions. Columbia Rio Grande Healthcare recently executed a new 10-year lease that includes annual rent increases. Both leases are triple-net with renewal options. The building was originally constructed in 1991 and sits on 2.14 acres. The subject property is well positioned on South 2nd Street near the signalized intersection with Savannah Avenue with close access to Interstate Highway 2. Traffic counts in front of the property on South 2nd Street are approximately 15,748 vehicles per day. The subject property is also in close proximity to multiple medical offices including South Texas Health System McAllen, serving as the flagship hospital of the South Texas Health System, designated as advanced Level II Trauma Center for Hidalgo County. Rio Grande Regional Hospital is also less than one mile north of the subject property, offering more than 30 common lab tests to provide fast, accurate lab tests and screening results.