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Walgreens 901 S 10th St 14,490 SF Retail Building McAllen, TX 78501 For Sale 7% Cap Rate
Investment Highlights
- Excellent store front visibility and location
- Part of the Central Market Place development; situated on a busy retail boulevard just north of Expressway 83
- Population: 42,223 within 2 miles; 233,917 within 5 miles
- Signalized Intersection, Drive-thru available
- Occupied by Dollar Tree
- Consumer Spending: $340.3 million within a 2- mile radius
Executive Summary
SVN | Hanna Solutions Commercial Real Estate is pleased to exclusively present the leasehold interest in the ground-leased Walgreens property located on South 10th Street in the heart of McAllen’s premier retail corridor. The asset is subleased to Dollar Tree, a nationally recognized discount retailer currently operating in the 92nd percentile in store performance nationwide according to Placer.ai.
Strategically located just north of Expressway 83 on South 10th Street, this property sits at the center of McAllen’s retail, healthcare, and logistics hub. Serving a regional cross-border population of over 1.3 million, McAllen is one of the fastest-growing and most resilient markets in South Texas. The site benefits from excellent frontage, signalized intersection access, and adjacency to major national retailers within the Central Market Place development.
Strategically located just north of Expressway 83 on South 10th Street, this property sits at the center of McAllen’s retail, healthcare, and logistics hub. Serving a regional cross-border population of over 1.3 million, McAllen is one of the fastest-growing and most resilient markets in South Texas. The site benefits from excellent frontage, signalized intersection access, and adjacency to major national retailers within the Central Market Place development.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,490 SF
Building Class
B
Year Built/Renovated
2006/2022
Cap Rate
7%
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
7.23 AC
Zoning
CO
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | F0300-02-000-00A3-00 | Improvements Assessment | $805,907 |
| Land Assessment | $664,894 | Total Assessment | $1,470,801 |
Property Taxes
Parcel Number
F0300-02-000-00A3-00
Land Assessment
$664,894
Improvements Assessment
$805,907
Total Assessment
$1,470,801
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Walgreens | 901 S 10th St
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