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Shopping Strip

North McColl Shopping Center

3200 N McColl Rd, McAllen, TX 78501

Listing Price: $1,300,000

Cap Rate
0.10%
Gross SF
14,341
Rentable SF
14,341
Price/Gross SF
$90.65
Lot Size
1.25 acres
Year Built
2018

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.

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

Shopping Strip

North McColl Shopping Center

Listing Price: $1,300,000

Cap Rate
0.10%
Gross SF
14,341
Rentable SF
14,341
Price/Gross SF
$90.65
Lot Size
1.25 acres
Year Built
2018

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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