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Investment Highlights
- Recently updated multi-tenant retail center with consistent cash ?ow and immediate upside
- Near the dominant retail intersection of N 10th and Trenton, the Property is surrounded by top performing and category-leading anchor tenants
- Diversi?ed mix of service-oriented and daily-needs tenants spanning healthcare, ?nancial services, childcare, and complementary uses
- Significant value creation opportunity with below market rents, substantial near-term lease rollover and absence of fixed price renewal options
- Well maintained asset with recent capital improvements including a new pylon sign, exterior repainting and a resurfaced and restripped parking lot
- Adjacent to dense neighborhoods with average household incomes within a one-mile radius exceeding $90,000, 43% higher than Rio Grande Valley
Executive Summary
Edge Realty Capital Markets is pleased to present the opportunity to acquire Colonnade of McAllen, a 41,041 square foot, recently updated neighborhood retail center located in McAllen, Texas. This well-maintained, fully leased asset features a diverse mix of service-based, daily needs national, regional, and local tenants positioned to serve both the immediate trade area and a broad secondary market extending beyond a ?ve-mile radius.
The Property is situated within McAllen, one of the most dynamic and fastest-growing markets in Texas. Positioned at the hard corner of the signalized intersection of N. 10th Street and Martin Avenue, the Property bene?ts from excellent visibility and access to nearly 33,000 cars per day, with an additional 23,000+ cars per day at the nearby regional intersection of 10th and Trenton, directly to the north. Drawing more than 19.5 million annual visits, not including international visitors, the 10th and Trenton retail hub is home to several top-performing national tenant locations, creating exceptional cross-traf?c opportunities.
The McAllen trade area serves as the primary retail, medical, educational, and cultural hub of the Rio Grande Valley, attracting shoppers and visitors from across South Texas and northern Mexico. Supported by strong population growth, signi?cant cross-border spending, and a diverse economic base, McAllen consistently ranks among the most active retail markets in Texas. The area bene?ts from robust household incomes, a well-educated workforce, and major regional employers in healthcare, education, and logistics.
The Property is situated within McAllen, one of the most dynamic and fastest-growing markets in Texas. Positioned at the hard corner of the signalized intersection of N. 10th Street and Martin Avenue, the Property bene?ts from excellent visibility and access to nearly 33,000 cars per day, with an additional 23,000+ cars per day at the nearby regional intersection of 10th and Trenton, directly to the north. Drawing more than 19.5 million annual visits, not including international visitors, the 10th and Trenton retail hub is home to several top-performing national tenant locations, creating exceptional cross-traf?c opportunities.
The McAllen trade area serves as the primary retail, medical, educational, and cultural hub of the Rio Grande Valley, attracting shoppers and visitors from across South Texas and northern Mexico. Supported by strong population growth, signi?cant cross-border spending, and a diverse economic base, McAllen consistently ranks among the most active retail markets in Texas. The area bene?ts from robust household incomes, a well-educated workforce, and major regional employers in healthcare, education, and logistics.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
41,041 SF
Building Class
C
Year Built
2004
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
2.77 AC
Zoning
Commercial
Frontage
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | S6765-00-000-0001-00 | Improvements Assessment | $1,965,708 |
| Land Assessment | $2,234,292 | Total Assessment | $4,200,000 |
Property Taxes
Parcel Number
S6765-00-000-0001-00
Land Assessment
$2,234,292
Improvements Assessment
$1,965,708
Total Assessment
$4,200,000
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6500 N 10th St
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