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Shopping Strip

102-106 E 8th Street

102 E 8th St, Mission, TX 78521

Listing Price: $2,050,000

Cap Rate
7.63%
Gross SF
13,296
Rentable SF
13,296
Price/Gross SF
$154.18
Lot Size
0.75 acres
Year Built
1997

Investment Overview

Marcus & Millichap is please to present a 102 - 106 E 8th St. This exclusive investment opportunity is comprised of two multi-tenant retail buildings with 13,296 square feet of gross leasable area. The asset is currently 76.5% occupied with triple-net leases on three of the five existing tenants. 102 E 8th St was built in 1997 and 106 E 8th St was built in 2015. The subject property has strategic positioning in relation to a strong performing H-E-B grocery and other synergistic retailers and services along N Conway Ave. 102-106 E 8th St has excellent visibility, easy access, ample parking, is in close proximity to major highways (Expresway 83 & IH-2) and is strategically situated in the city center. Strong upside can be realized with further lease up of existing vacancies with renewing retail activity, U.S.-Mexican border reopening and history of low general vacancy (2.7% Costar 2021).

Investment Highlights

  • Close proximity to H-E-B
  • Strong upside in a low vacancy market and renewing retail activity
  • Strategically located in Mission city central
  • Easy access, ample parking and good visibility
  • 19,281 Vehicles Per Day

Exclusively Listed By

Shopping Strip

102-106 E 8th Street

Listing Price: $2,050,000

Cap Rate
7.63%
Gross SF
13,296
Rentable SF
13,296
Price/Gross SF
$154.18
Lot Size
0.75 acres
Year Built
1997

Investment Highlights

  • Close proximity to H-E-B
  • Strong upside in a low vacancy market and renewing retail activity
  • Strategically located in Mission city central
  • Easy access, ample parking and good visibility
  • 19,281 Vehicles Per Day

Investment Overview

Marcus & Millichap is please to present a 102 - 106 E 8th St. This exclusive investment opportunity is comprised of two multi-tenant retail buildings with 13,296 square feet of gross leasable area. The asset is currently 76.5% occupied with triple-net leases on three of the five existing tenants. 102 E 8th St was built in 1997 and 106 E 8th St was built in 2015. The subject property has strategic positioning in relation to a strong performing H-E-B grocery and other synergistic retailers and services along N Conway Ave. 102-106 E 8th St has excellent visibility, easy access, ample parking, is in close proximity to major highways (Expresway 83 & IH-2) and is strategically situated in the city center. Strong upside can be realized with further lease up of existing vacancies with renewing retail activity, U.S.-Mexican border reopening and history of low general vacancy (2.7% Costar 2021).

Exclusively Listed By

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