1800 S 16th St
McAllen, TX 78503
Cinemark · Retail Property For Sale

EDGE Realty Capital Markets is pleased to present the opportunity to acquire Cinemark (“Property”), a freestanding movie theater in McAllen, TX, the largest city in Hidalgo County. Cinemark, with 533 theaters in the U.S. and Latin America, has been in this location for over 30 years and has experienced sales growth each year over the past 10 years, including an increase of over 28.5% from 2010 to 2016. The Property benefits from a high volume of consumer traffic due to its strategic location directly off Interstate 2, McAllen’s main thoroughfare which is currently under construction to provide additional accessibility. Other traffic drivers include the surrounding retail, including Simon’s massive redevelopment of La Plaza Mall adjacent to the Property. The Property lies within the McAllen retail submarket which contains over 15.6 million square feet of retail space with an occupancy rate of 95.1%. Along with residential developments that generate around the clock traffic, the retail corridor off Interstate 2 is home to significant retail tenants – Rooms to Go, H-E-B, Target, Walmart, La Plaza Mall and Sam’s Club.