1815 S 10th St, McAllen, TX 78503 For Sale

Densely Populated Retail Corridor

In addition to its position neighboring La Plaza Mall, the Property is also located less than 2 miles from Walmart and Sam’s Club, as well as Las Tiendas Shopping Center and McAllen Pavilion, which are home to national tenants like Target, Dick’s, HomeGoods, Marshall’s, Total Wine, Burlington, DSW, PetSmart, and Ross. There are 13.1 million square feet of retail and nearly 80,000 households within a 3-mile radius which spend about $42.8 million on apparel annually.

Long-term Corporate Lease

• 10-year renewal has 7+ years remaining.

• Upcoming 8% rent increase in February 2030.

• One 5-year option at a 12% rent increase has potential to extend the lease through 2038.

27-Year Tenure

Old Navy has occupied this site since its construction in 1997, demonstrating the tenant’s commitment to the site and indicating a high probability of renewal.

Dominant Market Position

• Located at the signalized intersection of Interstate 2 and 10th Street, which offers direct access and exposure to more than 140,000 vehicles per day.

• Benefits from a position along the Texas-Tamaulipas border where high traffic counts and cross-shopping are bolstered by transient consumers.

• Located 3 blocks from The McAllen International Airport, which serves approximately 1.2 million travelers annually.

La Plaza Mall Adjacent

The Property is strategically positioned opposite the La Plaza Mall, one of the highest grossing malls per square foot in the country, with estimated sales of $1,000 psf. La Plaza totals 1.3 MSF and is home to global and national retailers including Dillard’s, Macy’s, Primark, JCPenney, and Zara, among others.