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- LoopNet Team
6100 N 10th St
McAllen, TX 78504
Tenth at Jay Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Comprised of One Multi-Tenant Retail Center Occupying 77% of the GLA and One Office Building Occupying 23% of the GLA
- Significant Upside Potential in Converting Leases to Triple-Net with a 9.77% Pro-Forma Cap Rate
- 93% Occupied | 81% of the Gross Leasable Area has Tenants with Gross Leases and No Options for Renewal
PROPERTY FACTS
ABOUT 6100 N 10TH ST , MCALLEN, TX 78504
Marcus & Millichap is pleased to offer the opportunity to acquire a 27,755-square foot, mixed-used center located in McAllen, Texas. Tenth at Jay Street is currently 93 percent occupied, and most leases are gross providing significant upside potential to an investor. The center is comprised of one multi-tenant retail center occupying 77 percent of the gross leasable area and one office building occupying 23 percent of the gross leasable area. The center is a complementary mix of internet-resistant tenants, consisting of Kokos, Azucar Y Sal, Lean Lifestyles, South Texas Tactical, Foot Solutions, 1.5 Cleaners, Total Imaging, and many office tenants. Constructed in 2002, the buildings are situated on two parcels totaling 3.27 acres.
PROPERTY TAXES
| Parcel Number | M0560-00-000-003A-05 | Improvements Assessment | $454,721 |
| Land Assessment | $1,150,717 | Total Assessment | $1,605,438 |
PROPERTY TAXES
