x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

The Shops at San Juan, San Juan, TX

The Shops at San Juan

San Juan, TX

Price $5,746,000
Cap Rate 7.00%
NOI $402,180
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2021
Building Size 15,824 SF
Lot Size 1.53 acres (67,778 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT RETAIL-ASSET WITH SCHEDULED ANNUAL RENTAL INCREASES
» 100% leased multi-tenant retail asset featuring a strong mix of corporate tenants
» Multi-tenant asset allows for investment diversification
» Scheduled rental increases for all leases, providing a hedge against inflation
» Complimentary mix of “Amazon-proof” retailers
» High-quality 2021 construction located in an income tax free state

HIGH-VISIBILITY LOCATION IN LARGE AND GROWING TEXAS MARKET
» High-visibility location along West Interstate Highway 2, with 156,684 vehicles per day directly in front of the location
» Beneficial proximity to highly trafficked Texas thoroughfares, including Interstate 69C (132,940 AADT)
» 203,522 residents live within a five-mile radius of the location, providing a large customer base for the property
» Projected nine percent average annual household income increase within a three-mile radius of the site in the next five years, poising The Shops at San Juan for significant concurrent growth
» 15 percent population increase within five miles of the site in the past 10 years, demonstrating San Juan’s explosive and steady development

CENTRALLY LOCATED NEAR LARGE RETAILERS AND COMMUNITY HUBS
» Shadow-anchored by an H-E-B Plus, funneling crossover traffic directly to the location
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Costco, Target, Walgreens, Burger King, Domino’s Pizza, Subway, Taco Palenque (under construction), and many more
» Located within a five-mile radius of five major shopping centers with a combined 257 stores and 3.1 million SF of retail space
» Seven miles from McAllen International Airport (approximately 432,000 annual passengers)
» Location provides excellent access to purchasing power from the Reynosa-McAllen metroplex (population 1.5 million), South Texas region, and affluent northern Mexican markets



Property Description

The property has a high-visibility location along West Interstate Highway 2, with 156,684 vehicles per day directly in front of the location. The site has a beneficial proximity to highly trafficked Texas thoroughfares, including Interstate 69C (132,940 AADT). The property is supported by a large customer base, with 203,522 residents living within a five-mile radius of the location. The location is primed to grow along with the surrounding area, with a projected nine percent average annual household income increase within three miles of the site in the next five years. San Juan has also experienced a 15 percent population increase within five miles of the site in the past 10 years, demonstrating the areas explosive and steady development.

The property greatly benefits from its central location near large retailers and community hubs. The property is shadow-anchored by an H-E-B Plus, funneling crossover traffic directly to the location. The site is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Costco, Target, Walgreens, Burger King, Domino’s Pizza, Subway, Taco Palenque (under construction), and many more. The property is also located within a five-mile radius of five major shopping centers with a combined 257 stores and 3.1 million square feet of retail space. The location maintains a beneficial proximity to McAllen International Airport (approximately 432,000 annual passengers) and provides excellent access to purchasing power from the Reynosa-McAllen metroplex (population 1.5 million), South Texas region, and affluent northern Mexican markets.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link