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Shopping Strip

The District

3324 N McColl Rd, McAllen, TX 78501

Listing Price: $7,215,000

Cap Rate
7.52%
Gross SF
44,140
Rentable SF
44,140
Price/Gross SF
$163.46
Lot Size
4.33 acres
Year Built
2004

Investment Overview

The District is a 44,140-square-foot, multi-tenant retail center located in McAllen, Texas. The center is currently 94 percent occupied, and all leases are triple-net. The property is comprised of a complementary mix of service-oriented, internet-resistant tenants including UFC Gym, WellMed United Healthcare, Dentist, Dragon Warrior Noodles, and Keller Williams Realty. The property was constructed in 2004, renovated in 2018, and is situated on a 4.331-acre parcel with ample parking. The center features a highly visible pylon sign along with an attractive facade and landscaping. The subject property is located in a dense retail trade area on North McColl Road at the signalized intersection of North McColl Road and East Fern Avenue. The property is easily accessible with multiple ingress and egress points from both roads. Cumulative traffic counts in front of the property are approximately 25,300 vehicles per day. The District is located near many national and regional retailers including Walmart Neighborhood Market, Whataburger, Starbucks Coffee, Walgreens, FedEx, Chili's, Popeyes Chicken & Biscuits, Denny's, Cinemark, Jason's Deli, Wells Fargo, Fuddruckers, H-E-B Grocery, Kentucky Fried Chicken, and many more. The surrounding area has strong demographics with a five-mile population of approximately 271,990.

Investment Highlights

  • 94% Occupied | All Leases are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Constructed in 2004 and Renovated in 2018 | Attractive Facade and Landscaping | Large Pylon Sign with Excellent Visibility

Exclusively Listed By

Shopping Strip

The District

Listing Price: $7,215,000

Cap Rate
7.52%
Gross SF
44,140
Rentable SF
44,140
Price/Gross SF
$163.46
Lot Size
4.33 acres
Year Built
2004

Investment Highlights

  • 94% Occupied | All Leases are Triple-Net
  • Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Constructed in 2004 and Renovated in 2018 | Attractive Facade and Landscaping | Large Pylon Sign with Excellent Visibility

Investment Overview

The District is a 44,140-square-foot, multi-tenant retail center located in McAllen, Texas. The center is currently 94 percent occupied, and all leases are triple-net. The property is comprised of a complementary mix of service-oriented, internet-resistant tenants including UFC Gym, WellMed United Healthcare, Dentist, Dragon Warrior Noodles, and Keller Williams Realty. The property was constructed in 2004, renovated in 2018, and is situated on a 4.331-acre parcel with ample parking. The center features a highly visible pylon sign along with an attractive facade and landscaping. The subject property is located in a dense retail trade area on North McColl Road at the signalized intersection of North McColl Road and East Fern Avenue. The property is easily accessible with multiple ingress and egress points from both roads. Cumulative traffic counts in front of the property are approximately 25,300 vehicles per day. The District is located near many national and regional retailers including Walmart Neighborhood Market, Whataburger, Starbucks Coffee, Walgreens, FedEx, Chili's, Popeyes Chicken & Biscuits, Denny's, Cinemark, Jason's Deli, Wells Fargo, Fuddruckers, H-E-B Grocery, Kentucky Fried Chicken, and many more. The surrounding area has strong demographics with a five-mile population of approximately 271,990.

Exclusively Listed By

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