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Shopping Community

Trenton Crossing

7900 N 10th St, McAllen, TX 78504

Listing Price: $6,116,000

Cap Rate
8.50%
Gross SF
31,781
Rentable SF
31,781
Price/Gross SF
$192.44
Lot Size
4.84 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to o?er the opportunity to acquire a 31,781-square-foot, mul -tenant retail center located in a power center in McAllen, Texas. Trenton Crossing is currently 100 percent occupied, and all leases are triple-net. The center is anchored by Old Navy; other tenants include Shoe Carnival and South Texas Health Systems Clinics. Old Navy (NYSE: GPS) and Shoe Carnival (NSADAQ: SCVL) are publicly-traded companies and occupy 80 percent of the gross leasable area. South Texas Health System Clinics is a new lease and has expanded their current space to add 1,531 square feet of leasable area. The center was constructed in 2006 and is situated on a 4.84-acre parcel. The subject property is located in a dense retail trade area on North 10th Street at the signalized intersec on of North 10th Street and Wisconsin Road. Tra?c counts in front of the property exceed 19,800 vehicles per day. Trenton Crossing is in line with a top performing Kohl's and surrounded by numerous na onal retailers including Hobby Lobby, Sam's Club, Marshalls, PetSmart, Dollar Tree, Rue21, Target, H-E-B Grocery, The Home Depot, Olive Garden, Chipotle, Chick-?l-A, and many more. The surrounding area has strong demographics with a ?ve-mile popula on of approximately 233,250.

Investment Highlights

  • 31,871-Square-Foot, Multi -Tenant Retail Center
  • In-Line with Kohl's | Top Performing Kohl's Store Within 50 Miles (Per Placer.ai)
  • Part of a Power Center Featuring Target, Kohl's, Hobby Lobby, Dollar Tree, Marshalls, and PetSmart
  • Old Navy (NYSE: GPS) and Shoe Carnival (NSADAQ: SCVL) are Publicly-Traded Companies
  • Densely Populated Area with More than 233,250 Residents Within a Five-Mile Radius

Exclusively Listed By

Financing By

Shopping Community

Trenton Crossing

Listing Price: $6,116,000

Cap Rate
8.50%
Gross SF
31,781
Rentable SF
31,781
Price/Gross SF
$192.44
Lot Size
4.84 acres
Year Built
2006

Investment Highlights

  • 31,871-Square-Foot, Multi -Tenant Retail Center
  • In-Line with Kohl's | Top Performing Kohl's Store Within 50 Miles (Per Placer.ai)
  • Part of a Power Center Featuring Target, Kohl's, Hobby Lobby, Dollar Tree, Marshalls, and PetSmart
  • Old Navy (NYSE: GPS) and Shoe Carnival (NSADAQ: SCVL) are Publicly-Traded Companies
  • Densely Populated Area with More than 233,250 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to o?er the opportunity to acquire a 31,781-square-foot, mul -tenant retail center located in a power center in McAllen, Texas. Trenton Crossing is currently 100 percent occupied, and all leases are triple-net. The center is anchored by Old Navy; other tenants include Shoe Carnival and South Texas Health Systems Clinics. Old Navy (NYSE: GPS) and Shoe Carnival (NSADAQ: SCVL) are publicly-traded companies and occupy 80 percent of the gross leasable area. South Texas Health System Clinics is a new lease and has expanded their current space to add 1,531 square feet of leasable area. The center was constructed in 2006 and is situated on a 4.84-acre parcel. The subject property is located in a dense retail trade area on North 10th Street at the signalized intersec on of North 10th Street and Wisconsin Road. Tra?c counts in front of the property exceed 19,800 vehicles per day. Trenton Crossing is in line with a top performing Kohl's and surrounded by numerous na onal retailers including Hobby Lobby, Sam's Club, Marshalls, PetSmart, Dollar Tree, Rue21, Target, H-E-B Grocery, The Home Depot, Olive Garden, Chipotle, Chick-?l-A, and many more. The surrounding area has strong demographics with a ?ve-mile popula on of approximately 233,250.

Exclusively Listed By

Financing By

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