606 E Expressway 83
McAllen, TX 78503
Retail Property For Sale

FOR SALE - The Subject Property “Palenque Grill” is a rare asset that has a prime location with a tall dedicated pylon sign right off Interstate I-2 (Highway 83). The property and sign have great visibility from the Interstate/Highway. The excellent exposure also provides ease of access with multiple sight-lines and exit ramps in the area. The Property is occupied by Palenque Grill who is on an Absolute NNN Lease currently in their first of (4) Four (5) Five Year Lease Extensions. The store sales for the location are very strong and have been since they moved in. The location in addition to base rent pays a sizable percentage rent attributed to such great sales volumes. The creators of Palenque Grill have also started other very successful concepts such as “El Pollo Loco” & “Taco Palenque”. The 43,560 square foot lot is located in one of the premier shopping center in McAllen, Texas. The 5,380 square foot building is surrounded by an abundance of national retailers of all sizes, two separate hospitals, the McAllen International Airport (MFE), and the Simon owned La Plaza shopping mall. These great area amenities drive significant traffic to the area and location. This very well performing asset has a great location along with an attractive, well built building creating a stable, very desirable, flexible asset that has great sales and attractive return. The location consistently serves both the large interstate/highway traffic (124,000 VPD), along with the daily traffic from the shopping centers, mall, International Airport, and local employment and residents.