Investment Overview

Uvalde Retail Center is a 28,245-square-foot, Walmart shadow-anchored, multi-tenant retail center located in the Texas Hill Country of Uvalde, Texas. The offering is comprised of two adjacent multi-tenant buildings. Anchored by Dollar Tree, Uvalde Retail Center is 100 percent occupied, and all leases are on triple-net terms. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including Advance America, Alsatian Care Enterprises, CitiFinancial, Coyote Optical, Dollar Tree, En Su Casa Caregivers, Fred Loya Insurance, T Nails, Texan Credit Corporation, Security Finance, Nurani Institute Beauty College, and Eureka Transportation. The center was constructed in 2004 and is situated on a 3.47-acre parcel. Landlord reports a new roof was installed in 2022 and has a 10-year transferable warranty. An Applebee's/IHOP pad site is adjacent to the property (not a part of the offering), drawing additional traffic. The subject property is located on East Main Street (U.S. 90) and is one of the city's major thoroughfares. Traffic counts in front of the property are approximately 23,586 vehicles per day. The property is shadow-anchored by Walmart, and numerous other national and regional retailers are in the neighboring area, including Great Clips, AT&T, Sally Beauty, CATO, Shoe Dept., GNC, Petsense, Hobby Lobby, Burkes Outlet, Wingstop, KFC, Little Caesars Pizza, Whataburger, Golden Chick, Pizza Hut, Wendy's, McDonald's, EZ Pawn, Sonic, Starbucks, Jack in the Box, Tractor Supply Co., O'Reilly Auto Parts, H-E-B grocery store, Subway, and many more. Additional traffic is provided by several neighboring hotels, such as Holiday Inn, Hampton Inn, and Motel 6. The property is in close proximity to Southwest Junior College and Uvalde Memorial Hospital. Uvalde Memorial Hospital is a nonprofit county hospital serving five counties and has since completed building out its new $83 million campus with a new two-story, 180,000-square-foot building.