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Shopping Strip

Urban Air & Ollie's Bargain Outlet

2020 S Expressway 83, Harlingen, TX 78550

Listing Price: $7,750,000

Cap Rate
7.79%
Gross SF
76,749
Rentable SF
76,749
Price/Gross SF
$100.98
Lot Size
6.23 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to present Urban Air & Ollie's Bargain Outlet, a 76,749-square-foot, 100 percent occupied, two-tenant retail center located within the Valle Vista Mall retail complex in Harlingen, Texas. Occupied by Ollie's Bargain Outlet (NASDAQ: OLLI) and Urban Air Adventure Park, the Property offers an established retail and entertainment tenant mix with primary lease terms extending through 2031 and 2033, respectively.

Strategically positioned within one of Harlingen's principal retail corridors, the Property benefits from approximately 1.4 million annual visits to Valle Vista Mall and the surrounding concentration of high-performing retailers. Nearby Walmart and Target locations generate approximately 3.9 million and 1.7 million annual visits, respectively, while the on-site Ollie's Bargain Outlet ranks first among 56 Texas locations for consumer visitation, according to Placer.ai.

Investment Highlights

  • 100% Occupied by Two Established Retail and Entertainment Tenants
  • In Line with Valle Vista Mall | 1.4M Annual Visits
  • Ollie's Bargain Outlet Ranks #1 in Texas for Visitation
  • High-Performing Shadow Anchors | Walmart and Target
  • Prime Harlingen Retail Corridor | Strong Regional Accessibility

Exclusively Listed By

Financing By

Shopping Strip

Urban Air & Ollie's Bargain Outlet

Listing Price: $7,750,000

Cap Rate
7.79%
Gross SF
76,749
Rentable SF
76,749
Price/Gross SF
$100.98
Lot Size
6.23 acres
Year Built
2002

Investment Highlights

  • 100% Occupied by Two Established Retail and Entertainment Tenants
  • In Line with Valle Vista Mall | 1.4M Annual Visits
  • Ollie's Bargain Outlet Ranks #1 in Texas for Visitation
  • High-Performing Shadow Anchors | Walmart and Target
  • Prime Harlingen Retail Corridor | Strong Regional Accessibility

Investment Overview

Marcus & Millichap is pleased to present Urban Air & Ollie's Bargain Outlet, a 76,749-square-foot, 100 percent occupied, two-tenant retail center located within the Valle Vista Mall retail complex in Harlingen, Texas. Occupied by Ollie's Bargain Outlet (NASDAQ: OLLI) and Urban Air Adventure Park, the Property offers an established retail and entertainment tenant mix with primary lease terms extending through 2031 and 2033, respectively. Strategically positioned within one of Harlingen's principal retail corridors, the Property benefits from approximately 1.4 million annual visits to Valle Vista Mall and the surrounding concentration of high-performing retailers. Nearby Walmart and Target locations generate approximately 3.9 million and 1.7 million annual visits, respectively, while the on-site Ollie's Bargain Outlet ranks first among 56 Texas locations for consumer visitation, according to Placer.ai.

Exclusively Listed By

Financing By

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