Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 76,749-square-foot, two-tenant retail center located in Harlingen, Texas. Tenants consist of Urban Air Adventure Park and Ollie's Bargain Outlet. Ollie's lease is guarantee by a publicly traded company (NASDAQ: OLLI) and has more than five years remaining on the primary term. Urban Air Adventure Park has more than four years remaining on the primary term, and the lease has dual personal guarantees. Constructed in 2002, the building is situated on a large 6.23-acre parcel with ample paved parking. The subject property is located west of U.S. 83 at the intersection of Dixieland Road and West Lincoln Avenue with extremely high cumulative traffic counts of approximately 122,000 vehicles per day. Urban Air and Ollie's Bargain Outlet are in line with Valle Vista Mall, a regional shopping mall anchored by JCPenney and Gold's Gym, featuring 80+ retailers and restaurants. Numerous national and regional retailers are in the surrounding area, including Target, Walmart, TJ Maxx, Hobby Lobby, Dollar Tree, Ross Dress for Less, PetSmart, Burlington, Academy, Marshalls, Firehouse Subs, AT&T, Bass Pro Shops, Cinemark Theatres, CATO, McDonald's, H-E-B, Supercuts, Advance Auto Parts, Applebee's, and many more. The subject property is located in a dense residential area with a population of 98,654 residents within a five-mile radius.