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14658608
14658609

3250 E Main St, Uvalde, TX 78801

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$4,153,200
428 days on market
Updated 35 days ago

Uvalde Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 24,160
Net Rentable (SqFt) 24,160
Units 9
Cap Rate 8.6%
NOI $357,176
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $172
Year Built 2005
Acreage 2.720

Walmart Shadow-Anchored Retail Center : 100% Leased : 80% NNN Leases : Upside Potential : Uvalde, TX

Marketing description

Marcus & Millichap is pleased to offer the opportunity to acquire a 24,160-square-foot, multi-tenant retail center in Uvalde, Texas. Uvalde Shopping Center is 100 percent leased, and 80 percent of the gross leasable area has triple-net leases. Tenants consist of a complementary mix of retailers and service-oriented businesses, including Cricket Wireless, Deluxe Nails & Spa, Great Clips, Shoe Dept., Sally Beauty Supply, CATO, Vape Shop, and Beltone Hearing Aids. Constructed in 2005, the building is situated on 2.72 acres with a highly visible, double-sided pylon sign providing additional exposure to the center.

The subject property is located on East Main Street (U.S. 90),one of the city's major thoroughfares. Traffic counts are approximately 23,586 vehicles per day in front of the property. Numerous national and regional tenants are in the surrounding area, including Walmart Supercenter, AT&T, Applebee's, Enterprise Rent-a-Car, Dollar Tree, One Main Financial, KFC, Little Caesars Pizza, Whataburger, Hobby Lobby, Petsense, Burkes Outlet, Wingstop, EZ Pawn, Golden Chick, Pizza Hut, Wendy's, McDonald's, Gatti's Pizza, Domino's, Church's Chicken, H-E-B grocery store, Sonic Drive-In, O'Reilly Auto Parts, Starbucks, Jack in the Box, Subway, Tractor Supply, and more. Additional traffic is provided by several neighboring hotels, such as Holiday Inn, Hampton Inn, and Motel 6. The property is in close proximity to Southwest Junior College and Uvalde Memorial Hospital. Uvalde Memorial Hospital is a not-for-profit county hospital serving five counties and has completed building out its new $83 million campus with a two-story, 180,000-square-foot building, expanding its existing hospital footprint.

Investment highlights

  • 24,160-Square-Foot, Value-Add Multi-Tenant Retail Center

  • Shadow-Anchored by Walmart Supercenter | Drives 1.9M Visits Annually (Source: Placer.ai)

  • 100% Leased | 80% of the Gross Leasable Area has Triple-Net Terms | Upside Potential

  • Complementary Tenant Mix of National, Regional, and Local Retailers

  • Located on East Main Street (U.S. 90), the City's Major Thoroughfare | Traffic Counts are 23,586 Vehicles per Day

  • Close Proximity to Dense Retail Trade Area | Nearby Retailers Include AT&T, Applebee's, Enterprise Rent-A-Car, Dollar Tree, One Main Financial, Little Caesar's Pizza, Whataburger, Hobby Lobby, Burke's Outlet, Wingstop, H-E-B Grocery Store, and More

  • Neighboring National Hotel Chains Drive Additional Traffic to the Area

  • Less than Two Miles from Uvalde Memorial Hospital | County Hospital Serving Five Counties | Recently Completed New $83 Million Campus, Expanding Existing Footprint

  • The City of Uvalde is Located at the Crossroads of the Nation's Two Longest Highways, U.S. 90 and U.S. 83

  • Priced at $175 Per Square Foot

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$357,176.00
$29,764.67/mo

Valuation Metrics

0
DSCR
8.6%
Cap Rate
8.6%
ROI

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Additional Information

Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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