Investment Overview

Las Palmas Plaza is a 100 percent occupied, multi-tenant retail center strategically positioned along North Expressway 83—one of Brownsville’s primary retail corridors. The property is anchored by a high-quality, healthcare-oriented tenant mix, with approximately 71 percent of the GLA leased to medical users, creating a durable, service-driven income stream that is largely insulated from e-commerce disruption. The tenant roster includes Northland Hearing Centers, Airrosti Rehab Center, Baaxten Imaging Center, and Raymond James, representing a complementary mix of medical, financial services, and necessity-based uses that generate consistent daily traffic and long-term tenancy stability. The center benefits from triple-net (NNN) lease structures across all tenants, providing investors with passive, expense-reimbursed cash flow and limited landlord responsibilities. The building is newer (2017) construction with attractive architecture and is situated on a 1.075-acre parcel with concrete parking. Las Palmas Plaza is located along North Expressway 83 (±115,000 VPD), the primary retail and commuter corridor serving Brownsville and the broader Rio Grande Valley. Adjacent pad sites include Olive Garden, Verizon, Black Bear Diner, LongHorn Steakhouse, and Homewood Suites by Hilton. The Property sits within the city’s premier retail trade area, directly across from Sunrise Mall and surrounded by a dense concentration of national retailers including Target, TJ Maxx, Burlington, Best Buy, and numerous restaurant concepts.