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Shopping Strip

Concord Plaza

4113 S Sugar Rd, Edinburg, TX 78539

Listing Price: $11,100,000

Cap Rate
6.79%
Gross SF
47,028
Rentable SF
47,028
Price/Gross SF
$236.03
Lot Size
4.37 acres
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Concord Plaza in Edinburg, TX 78539. This 2 building portfolio (Phase I & II, respectively) are located off the hard corner of W Trenton Rd & S Sugar Rd, which boasts 28,959 VPD on W Trenton. Both properties were built in 2020 and are comprised of 34 retail suites (all NNN leases) and executive offices (gross leases). All retail tenants sport personal or corporate guarantees and all retail tenants have at least one renewal option remaining in their leases. The centers are currently 92.90% occupied, allowing upside when occupancy is increased. Edinburg is growing dramatically - the population increased 21.37% between '10-'21 within 3 miles and there are several hundred homes and apartment units within a mile radius. Nearby demographics are strong as well - an annual household income of $84,573 was recorded within 3 miles of the site. The centers are located in a dense retail corridor - nearby retailers and points of interest include Edinburg Children's Hospital (located catty-corner from Concord Plaza), Walmart, Ross, JCPenny, CVS, Bank of America, Target, etc.

Investment Highlights

  • Located off the hard corner of W Trenton Rd & S Sugar Rd - boasts 28,959 VPD on W Trenton Rd
  • All retail tenants are on NNN leases, sport personal or corporate guarantees and have at least one renewal option remaining
  • Opportunity for buyer to acquire a stabilized asset (92.90%) with some upside once occupancy is increased
  • Dramatic Growth Nearby - 21.37% increase in the population from '10-'21 within 3 miles of the site with hundreds of homes and apartment units nearby
  • Dense Nearby Retail Corridor - Located catty-corner from Edinburg Children's Hospital, Walmart, CVS, JCPenny, Ross, etc.

Exclusively Listed By

Financing By

Shopping Strip

Concord Plaza

Listing Price: $11,100,000

Cap Rate
6.79%
Gross SF
47,028
Rentable SF
47,028
Price/Gross SF
$236.03
Lot Size
4.37 acres
Year Built
2020

Investment Highlights

  • Located off the hard corner of W Trenton Rd & S Sugar Rd - boasts 28,959 VPD on W Trenton Rd
  • All retail tenants are on NNN leases, sport personal or corporate guarantees and have at least one renewal option remaining
  • Opportunity for buyer to acquire a stabilized asset (92.90%) with some upside once occupancy is increased
  • Dramatic Growth Nearby - 21.37% increase in the population from '10-'21 within 3 miles of the site with hundreds of homes and apartment units nearby
  • Dense Nearby Retail Corridor - Located catty-corner from Edinburg Children's Hospital, Walmart, CVS, JCPenny, Ross, etc.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Concord Plaza in Edinburg, TX 78539. This 2 building portfolio (Phase I & II, respectively) are located off the hard corner of W Trenton Rd & S Sugar Rd, which boasts 28,959 VPD on W Trenton. Both properties were built in 2020 and are comprised of 34 retail suites (all NNN leases) and executive offices (gross leases). All retail tenants sport personal or corporate guarantees and all retail tenants have at least one renewal option remaining in their leases. The centers are currently 92.90% occupied, allowing upside when occupancy is increased. Edinburg is growing dramatically - the population increased 21.37% between '10-'21 within 3 miles and there are several hundred homes and apartment units within a mile radius. Nearby demographics are strong as well - an annual household income of $84,573 was recorded within 3 miles of the site. The centers are located in a dense retail corridor - nearby retailers and points of interest include Edinburg Children's Hospital (located catty-corner from Concord Plaza), Walmart, Ross, JCPenny, CVS, Bank of America, Target, etc.

Exclusively Listed By

Financing By

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