Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 16,857-square-foot, multi-tenant retail center with upside potential in Del Rio, Texas. Del Rio Plaza is currently 73 percent occupied, and 58 percent of the gross leasable area has triple-net leases. The center has a tenant base comprised largely of national retailers, including GameStop, Cato, CitiFinancial, Sally Beauty, and Cell Geeks. Constructed in 2004, the building is situated on a 1.32-acre parcel. The subject property is located one lot east of the signalized intersection of Veterans Boulevard and the access road to Walmart Supercenter in a dense retail trade area of the city. Traffic counts are approximately 26,800 vehicles per day. Shadow-anchored by Walmart Supercenter and across the road from The Home Depot, numerous other neighboring retailers include Dollar Tree, Planet Fitness, Jack In the Box, Chili’s Grill and Bar, H&R Block, AutoZone, James Avery Artisan Jewelry, Dirt Cheap, Family Dollar, Rent-A-Center, Panda Express, Starbucks, Wendy’s, Chick-fil-A, IHOP, AT&T, Burger King, and others. Plaza Del Sol Mall is approximately one-half mile south of the property, anchored by JCPenney, Marshalls, Cinemark, and Ross Dress for Less. Several hotels, such as Holiday Inn Express and Suites, Hampton Inn and Suites, Motel 6, Ramada by Wyndham, and La Quinta Inn, are in close proximity and bring additional traffic to the area.