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South Texas Value-Add Retail Portfolio 2 Retail Properties Online Auction Sale Hidalgo, TX
Investment Highlights
- Plaza Del Puente Portfolio offers a value-add retail investment or covered land play, ±63% occ by a diverse mix of national and regional tenants.
- Expansive 18.32-acre lot with abundant excess land for future development, with potential tax incentives from the designated Opportunity Zone.
- Within a performing retail submarket, with vacancies of just 3.1% and average annual rent growth of 3.6% during the past five years.
- Highly visible location at the intersection of International Boulevard and Coma Avenue, with signage that can be seen by over 21,000 daily vehicles.
- Located just 3 miles from South Texas College’s Tech Campus, offering a built-in customer base of students and staff.
- Robust demographics include a 10-mile population of over 323,000 that has increased by 7% since 2020, with annual spending of over $2.6 billion.
Executive Summary
Purchase a versatile asset with The Plaza Del Puente Portfolio, presenting an exceptional value-add retail center with additional land for development near the US-Mexico border at 123 & 701 N International Boulevard in Hidalgo, Texas. The property will be delivered approximately 64% occupied by a mix of national, regional, and local tenants, providing in-place rental income along with an immediate leasing upside for the new owner.
The offering includes two buildings spanning a total of 126,400 square feet (Plaza Del Puente and Hidalgo Plaza). The portfolio's diverse tenant mix currently includes an industrial equipment supplier, a bargain bin store, an importer, a fitness studio, all anchored by World Wide Parcel and national discount retailer Dollar Tree. The property’s expansive 18.39-acre lot also delivers excess land for future expansion and sits within a designated opportunity zone, offering significant tax incentives for qualifying projects.
The Plaza Del Puente Portfolio benefits from a highly visible position at the major intersection of International Boulevard and W Coma Avenue, with more than 21,000 vehicles passing by the property each day. This prime location sits just minutes from Highway 281 and only 6 miles from Interstate 2, ensuring convenient access to a valuable customer base from across the greater region. Tenants at the property also enjoy a built-in audience of customers traveling across the border, as well as students and staff at South Texas College’s Tech Campus, just 3 miles away. The Property is ideally equipped to handle the elevated traffic with prominent signage, multiple access points, and abundant on-site parking for ±513 vehicles.
Placed within the Greater McAllen Retail Submarket, investors will be able to leverage strong leasing fundamentals when seeking to lease the remaining vacancies at Hidalgo Plaza. Currently, vacancies in the area sit at just 3.1%, well below the five- and 10-year averages. The increased retail demand in the region has driven stable rent growth, with asking rates climbing an average of 3.6% annually during the past five years. This impressive growth is due in part to the solid population gains made in recent years, with the 10-mile population increasing 7% since 2020 to sit at over 323,000. Residents in the area contributed more than $2.8 billion in consumer spending during 2024, reinforcing the desirability of the region for new retail business and investment.
Don’t pass up the chance to secure a performing retail investment that delivers existing cash-flow, value-add leasing opportunities, and development opportunities.
Property tours are by appointment only. Please contact the listing broker to schedule.
The offering includes two buildings spanning a total of 126,400 square feet (Plaza Del Puente and Hidalgo Plaza). The portfolio's diverse tenant mix currently includes an industrial equipment supplier, a bargain bin store, an importer, a fitness studio, all anchored by World Wide Parcel and national discount retailer Dollar Tree. The property’s expansive 18.39-acre lot also delivers excess land for future expansion and sits within a designated opportunity zone, offering significant tax incentives for qualifying projects.
The Plaza Del Puente Portfolio benefits from a highly visible position at the major intersection of International Boulevard and W Coma Avenue, with more than 21,000 vehicles passing by the property each day. This prime location sits just minutes from Highway 281 and only 6 miles from Interstate 2, ensuring convenient access to a valuable customer base from across the greater region. Tenants at the property also enjoy a built-in audience of customers traveling across the border, as well as students and staff at South Texas College’s Tech Campus, just 3 miles away. The Property is ideally equipped to handle the elevated traffic with prominent signage, multiple access points, and abundant on-site parking for ±513 vehicles.
Placed within the Greater McAllen Retail Submarket, investors will be able to leverage strong leasing fundamentals when seeking to lease the remaining vacancies at Hidalgo Plaza. Currently, vacancies in the area sit at just 3.1%, well below the five- and 10-year averages. The increased retail demand in the region has driven stable rent growth, with asking rates climbing an average of 3.6% annually during the past five years. This impressive growth is due in part to the solid population gains made in recent years, with the 10-mile population increasing 7% since 2020 to sit at over 323,000. Residents in the area contributed more than $2.8 billion in consumer spending during 2024, reinforcing the desirability of the region for new retail business and investment.
Don’t pass up the chance to secure a performing retail investment that delivers existing cash-flow, value-add leasing opportunities, and development opportunities.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Initial Docs - Do Not Post!
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Building Size | 126,420 SF |
| Sale Type | Investment | Total Land Area | 19.39 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 126,420 SF |
| Total Land Area | 19.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 701 N International Blvd, Hidalgo, TX 78557 | Retail | 115,920 SF | 2010 |
|
Hidalgo Plaza
123 N International Blvd, Hidalgo, TX 78557 |
Retail | 10,500 SF | 1999 |
Sale Advisors
Sale Advisors
Bradley Suttle, Senior Vice President
Bradley Suttle, Senior Vice President, specializes in investment sales, including multi-tenant and single-tenant properties throughout greater San Antonio and South Texas. Bradley's extensive knowledge of the local markets, retail asset evaluation and financial analysis enables clients to be confident in their real estate decisions. Bradley has become the market leader in retail investment sales by consistently offering clients superior service, including persistent marketing, dedicated attention to the client's asset and a proactive sales approach. Bradley has sold more than 2 million square feet of retail space with over $250 million in total property value. Bradley is a part of CBRE’s South Texas Retail Investment Sales Team who have completed over $1.5 Billion in Sales Transactions and continually leads the San Antonio market in retail investment sales.
Prior to joining CBRE, Bradley worked for San Antonio Commercial Advisors | Cushman & Wakefield as Director of Retail Investment Sales. Previous to SACA, Bradley worked with Ironwood Real Estate, an Austin based commercial real estate investment firm, where he focused on retail leasing.
Before starting his career in real estate, Bradley played professional baseball for five years in the New York Yankees organization. He was drafted in the 4th round of the 2007 MLB draft after being a member of the Texas Longhorn baseball team and a two-time Academic All American. He graduated from the University of Texas at Austin with a Masters in Accounting and a concentration in Real Estate.
Prior to joining CBRE, Bradley worked for San Antonio Commercial Advisors | Cushman & Wakefield as Director of Retail Investment Sales. Previous to SACA, Bradley worked with Ironwood Real Estate, an Austin based commercial real estate investment firm, where he focused on retail leasing.
Before starting his career in real estate, Bradley played professional baseball for five years in the New York Yankees organization. He was drafted in the 4th round of the 2007 MLB draft after being a member of the Texas Longhorn baseball team and a two-time Academic All American. He graduated from the University of Texas at Austin with a Masters in Accounting and a concentration in Real Estate.
Joe Elder, Vice President
Joe Elder specializes in investment sales for income-producing assets throughout the greater San Antonio MSA and South Texas. Joe has extensive experience in acquisitions and dispositions with high net-worth individuals, family offices, developers, and real estate companies. Since joining CBRE in 2019, Mr. Elder has played a key role in single-tenant net lease and multi-tenant retail transactions exceeding $400M in total value.
Prior to joining CBRE, Mr. Elder earned his master’s degree from the Mays Business School at Texas A&M in Land Economics and Real Estate. During that time, Joe interned with San Antonio Commercial Advisors | Cushman and Wakefield, where he gained experience in underwriting and marketing. Joe also holds a Bachelor of Business Administration from the Rawls College of Business at Texas Tech University.
Prior to joining CBRE, Mr. Elder earned his master’s degree from the Mays Business School at Texas A&M in Land Economics and Real Estate. During that time, Joe interned with San Antonio Commercial Advisors | Cushman and Wakefield, where he gained experience in underwriting and marketing. Joe also holds a Bachelor of Business Administration from the Rawls College of Business at Texas Tech University.
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John Artozqui
Contact
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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South Texas Value-Add Retail Portfolio
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