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1618 & 1612 Pecan Blvd Retail Buildings 2 Retail Properties Offered at $525,000 in McAllen, TX
INVESTMENT HIGHLIGHTS
- 2 Adjacent Retail Building Portfolio
- Good Cash Flow w/3 Tenants
- High Traffic & Great Commercial Visibility
- Renewal Bumps at 7% & 10%
EXECUTIVE SUMMARY
Investment Opportunity with Great Existing Income. Two fully leased Retail Buildings with 3 tenants in-place on 2 legal lots facing Pecan Blvd in the heart of McAllen. Originally 5 Suites that was recently remodeled and converted to 3 Suites, High Traffic Boulevard with excellent Commercial Visibility. Good income, leases include rent increases upon renewal. Parking lots both at the front for clientele and back for employees. Back parking serviced by a public alley. Both buildings have fencing and gates to the back for added security. Tenants include a Speech Therapy Clinic, Nail Salon, and separate Hair Salon. Do Not Disturb the Tenants unless you pay for their services. Personal Service industries are always in demand and well paying stable tenants. Pecan Blvd is also known as FM 495 which leads to Mission, TX to the West and Pharr, TX to the East.
PROPERTY FACTS
| Price | $525,000 | Status | Active |
| Price / SF | $143.33 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 1 |
| Cap Rate | 8.92% | Total Building Size | 3,663 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.45 AC |
| Price | $525,000 |
| Price / SF | $143.33 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 8.92% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 3,663 SF |
| Total Land Area | 0.45 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1618 Pecan Blvd, McAllen, TX 78501 | Retail | 2,115 SF | 1975 | $275,000 |
| 1612 Pecan Blvd, McAllen, TX 78501 | Retail | 1,548 SF | 1977 | - |
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1618 & 1612 Pecan Blvd Retail Buildings
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