Shopping Strip
North McColl Shopping Center
3200 N McColl Rd, McAllen, TX 78501
Listing Price: $1,300,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale North McColl Shopping Center, a 14,341-square-foot shopping center located at 3200 North McColl Road in McAllen, Texas.
North McColl Shopping Center is offered for sale at a price of $1,300,000. This newly constructed property offers significant value-add potential. With only 18.65 percent occupancy and a low price per square foot, a buyer could add value by bringing in new tenants and stabilizing the cash flow.
The subject property is located in a robust economic area, fueled by a growing population and a strong demand for retail, office, and service-oriented tenants.
North McColl Shopping Center
Investment Highlights
- Value-Add Opportunity: Built in 2018 and in excellent condition, this property is currently only 18.65 percent leased, allowing an investor to create value through leasing and tenant repositioning.
- Strategically located just off North McColl Road, a major thoroughfare with high traffic counts, ensuring excellent visibility and accessibility.
- Situated in densely populated area with over 280,000 residents within a 5-mile radius, this area offers strong demand drivers for retail, office, or service-oriented tenants.
- McAllen is a shopping mecca, attracting millions of visitors annually to its renowned retail districts, benefiting local businesses and increasing foot traffic.
- The region boasts robust economic activity, fueled by a growing population, cross-border commerce, and a thriving retail sector.
- The property is located near Walmart Neighborhood Market, H-E-B, Cinemark Hollywood, further boosting consumer draw to the area and complementing the tenant mix.
Exclusively Listed By
Financing By
Listing Price: $1,300,000
Investment Highlights
- Value-Add Opportunity: Built in 2018 and in excellent condition, this property is currently only 18.65 percent leased, allowing an investor to create value through leasing and tenant repositioning.
- Strategically located just off North McColl Road, a major thoroughfare with high traffic counts, ensuring excellent visibility and accessibility.
- Situated in densely populated area with over 280,000 residents within a 5-mile radius, this area offers strong demand drivers for retail, office, or service-oriented tenants.
- McAllen is a shopping mecca, attracting millions of visitors annually to its renowned retail districts, benefiting local businesses and increasing foot traffic.
- The region boasts robust economic activity, fueled by a growing population, cross-border commerce, and a thriving retail sector.
- The property is located near Walmart Neighborhood Market, H-E-B, Cinemark Hollywood, further boosting consumer draw to the area and complementing the tenant mix.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale North McColl Shopping Center, a 14,341-square-foot shopping center located at 3200 North McColl Road in McAllen, Texas. North McColl Shopping Center is offered for sale at a price of $1,300,000. This newly constructed property offers significant value-add potential. With only 18.65 percent occupancy and a low price per square foot, a buyer could add value by bringing in new tenants and stabilizing the cash flow. The subject property is located in a robust economic area, fueled by a growing population and a strong demand for retail, office, and service-oriented tenants.
Exclusively Listed By
Financing By
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