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Shopping Strip

Del Rio Plaza

2415 Veterans Blvd, Del Rio, TX 78840

Listing Price: $2,658,000

Cap Rate
5.30%
Gross SF
16,857
Rentable SF
16,857
Price/Gross SF
$157.68
Lot Size
1.32 acres
Year Built
2004

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 all leases are triple-net. The center has a strong tenant base comprised of national retailers, including GameStop, Cato, CitiFinancial, Sally Beauty, and Pronto Insurance. 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.

Investment Highlights

  • Shadow-Anchored by Walmart Supercenter | Highly Trafficked Walmart Store that Ranks in the 88th Percentile for Number of Visitors Annually to Walmart Locations Nationwide (per Placer.ai)
  • 73% Occupied | All Leases are Triple-Net | Upside Potential in Leasing the Vacancy | Pro Forma Cap Rate is 9.25%
  • Strong Tenant Base Comprised of National Retailers | 60% are Publicly Traded Companies

Exclusively Listed By

Listing Price: $2,658,000

Cap Rate
5.30%
Gross SF
16,857
Rentable SF
16,857
Price/Gross SF
$157.68
Lot Size
1.32 acres
Year Built
2004

Investment Highlights

  • Shadow-Anchored by Walmart Supercenter | Highly Trafficked Walmart Store that Ranks in the 88th Percentile for Number of Visitors Annually to Walmart Locations Nationwide (per Placer.ai)
  • 73% Occupied | All Leases are Triple-Net | Upside Potential in Leasing the Vacancy | Pro Forma Cap Rate is 9.25%
  • Strong Tenant Base Comprised of National Retailers | 60% are Publicly Traded Companies

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 all leases are triple-net. The center has a strong tenant base comprised of national retailers, including GameStop, Cato, CitiFinancial, Sally Beauty, and Pronto Insurance. 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.

Exclusively Listed By

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