Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a value-add, 18,685-square-foot, multi-tenant retail center located in Cameron, Texas. The property is currently 59 percent occupied, providing upside potential in leasing the remaining vacancy. Anchored by Dollar General, the tenant has been a part of the center for approximately 18 years. The lease includes two, five year options with stated rent increases. Originally constructed in 1994, the building is situated on 2.06 acres with paved parking and a pylon sign that provides additional exposure to the center. Milam Plaza is located on West 4th Street (US Highway 190) and is easily accessible from multiple ingress and egress points. Cumulative traffic counts in front of the property exceed 13,253 vehicles per day. The property is in line with Brookshire Brothers Grocery and CVS Pharmacy; other neighboring national and regional retailers include Domino's Pizza, Family Dollar, Pizza Hut, Golden Chick, Golden Chick, O'Reilly Auto Parts and others. The average household income is $67,764 within three miles; $69,076 within five miles; and $70,484 within ten miles.