Black Rock CRE
Listed by Black Rock CRE
$2,150,000
600 N. Main Street
Details
Property Type Retail
Sub Type Strip center
Square Footage 8,573
Net Rentable (SqFt) 8,573
Units 6
Cap Rate 6.30%
NOI $134,820
Occupancy 83%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.70%
Pro-Forma NOI $165,204
Year Built 2022
Acreage 0.640
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner
Value-Add Multi-Tenant Retail | 6.3% In-Place / 7.7% Stabilized | 2022 Build | Expwy 83
Marketing description
Black Rock CRE is pleased to offer 600 N. Main St — a 2022-built ±8,573 SF multi-tenant retail center on a signalized hard corner off Expressway 83 (I-2) in Donna, TX, with shared access to CVS. Five of six suites are leased to a stable service/convenience mix, with five leases now running through 2027–2029, including the daycare anchor and a just-exercised World Finance renewal. Offered at $2,150,000 (6.3% in-place cap), the center delivers day-one cash flow plus clear upside: leasing the single vacant 1,310 SF suite lifts the yield to ~7.7% stabilized — a newer, low-maintenance asset in the fast-growing McAllen MSA (921K+ residents).
Investment highlights
- 2022 Construction: modern, low-maintenance asset with minimal deferred capex
- Signalized hard corner at Main St. & Expressway 83 (I-2); shared access with CVS
- Income locked through 2029: 5 of 6 Suites leased; daycare anchor + exercised World Finance renewal
- Built-in value-add: one vacant 1,310 SF suite; lease-up drives yield to ~7.7% stabilized
- $2,150,000 | 6.3% in-place cap / ~7.7% stabilized cap
- High-growth metro: McAllen–Edinburg–Mission MSA, 921K+ residents, 5th-largest in Texas
- Ideal for local / 1031 / yield-focused investors seeking newer, durable-income retail
- NNN conversion upside: leases roll to NNN at expiration, shifting expenses & future tax increases to tenants
Listing Contacts
Black Rock CRE
Listed by Black Rock CRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,820.00
$11,235.00/mo
Valuation Metrics
0
DSCR
6.27%
Cap Rate
6.27%
ROI
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