Trimani Plaza
South Texas Shopping Center | $100k+ Avg. HH Income | $210 psf | 93% Leased
Marketing description
Trimani Plaza presents a compelling investment opportunity in Edinburg, Texas, offering a 17,485 square foot multi-tenant retail center with 93% occupancy and a stable income stream, anchored by Humana's CenterWell Senior Primary Care, which occupies 72% of the property. Built in 2019 on a high-visibility, signalized corner, this medical-focused center benefits from strong demographics, including over 237,000 residents within five miles and average household incomes exceeding $100K within one mile. Priced at $3,678,800, representing a 7.00% in-place cap rate and an attractive $210 PSF basis, Trimani Plaza offers significant upside potential through lease-up of the remaining vacancy and future rent growth, especially given Humana's below-market rent.
Investment highlights
Newer Construction Value Add Center (2019)
Trimani Plaza is a modern retail center located on a signalized corner, 93% occupied, with minimal near term capital needs and upside through lease up of remaining vacancy.
NNN Leases with Annual Rent Increases
Humana and Ricardo’s have built in annual rent increases with NNN leases.
Excellent Visibility & Frontage
Unobstructed frontage and exposure along S Business 281, a primary commercial corridor in Edinburg.
Strong Demographics
High income trade area with $100K+ average household incomes within 1 mile and 237,000+ residents within 5 miles.
Attractive Entry Basis & In Place Rents
Offered at $210 PSF with average in place base rents of $15.42 PSF, providing strong current yield and long-term upside.
Anchored Strong Credit Tenant
Humana (NYSE:HUM) occupies approximately 72% of Trimani Plaza with ~5 years of remaining lease term, providing stable, credit backed income.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
