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Shopping Strip

Edinburg Plaza

2724 W University Dr, Edinburg, TX 78539

Listing Price: $7,608,200

Cap Rate
5.51%
Gross SF
16,200
Rentable SF
16,200
Price/Gross SF
$469.64
Lot Size
1.49 acres
Year Built
2013

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Edinburg Plaza, located at 2724 West University Drive, Edinburg, TX 78504. Built in 2013, this 16,200 square foot shopping center features long-term national and regional tenants with affordable rents. Edinburg Plaza is positioned directly in front of a Lowe’s Home Improvement center and in close proximity to Walmart and H.E.B., benefiting from the high foot traffic of all three centers. The plaza fronts University Drive, one of Edinburg’s primary retail thoroughfares, with a daily vehicle count of 29,939 vehicles. The subject property is located three blocks from The University of Texas Rio Grande Valley’s Edinburg campus, which enrolls 29,619 students between its Edinburg and Brownsville campuses. The plaza is also surrounded by a densely populated neighborhood with 170,687 residents in a five-mile radius with an average household income of $74,744 per year. Edinburg Plaza provides an average annual rent per square foot of $25.80 plus triple nets. The property is 100 percent occupied with NNN leases, providing investors with a stabilized investment.

Investment Highlights

  • Lowe's Shadow Center with Excellent Visibility to West University Drive (29,939 Vehicles Per Day)
  • Located Blocks Away from The University of Texas Rio Grande Valley
  • Primary Thoroughfare, half a Mile from Walmart and Surrounded by National Retailers
  • Strong Mix of National and Regional Tenants Including: Starbucks, Subway, and Pizza Patron
  • Stabilized Shopping Center With 100% Occupancy and Long-Term Leases
  • Affordable Average Base Rent of $25.80 Per Square Foot

Exclusively Listed By

Financing By

Shopping Strip

Edinburg Plaza

Listing Price: $7,608,200

Cap Rate
5.51%
Gross SF
16,200
Rentable SF
16,200
Price/Gross SF
$469.64
Lot Size
1.49 acres
Year Built
2013

Investment Highlights

  • Lowe's Shadow Center with Excellent Visibility to West University Drive (29,939 Vehicles Per Day)
  • Located Blocks Away from The University of Texas Rio Grande Valley
  • Primary Thoroughfare, half a Mile from Walmart and Surrounded by National Retailers
  • Strong Mix of National and Regional Tenants Including: Starbucks, Subway, and Pizza Patron
  • Stabilized Shopping Center With 100% Occupancy and Long-Term Leases
  • Affordable Average Base Rent of $25.80 Per Square Foot

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale Edinburg Plaza, located at 2724 West University Drive, Edinburg, TX 78504. Built in 2013, this 16,200 square foot shopping center features long-term national and regional tenants with affordable rents. Edinburg Plaza is positioned directly in front of a Lowe’s Home Improvement center and in close proximity to Walmart and H.E.B., benefiting from the high foot traffic of all three centers. The plaza fronts University Drive, one of Edinburg’s primary retail thoroughfares, with a daily vehicle count of 29,939 vehicles. The subject property is located three blocks from The University of Texas Rio Grande Valley’s Edinburg campus, which enrolls 29,619 students between its Edinburg and Brownsville campuses. The plaza is also surrounded by a densely populated neighborhood with 170,687 residents in a five-mile radius with an average household income of $74,744 per year. Edinburg Plaza provides an average annual rent per square foot of $25.80 plus triple nets. The property is 100 percent occupied with NNN leases, providing investors with a stabilized investment.

Exclusively Listed By

Financing By

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