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1612 & 1618 Pecan Blvd Complex 1612 Pecan Blvd 1,620 SF 100% Leased Retail Building McAllen, TX 78501 $732,480 CAD ($452.15 CAD/SF) 7.74% Cap Rate
EXECUTIVE SUMMARY
Investment Opportunity with Great Existing Income. Two fully leased Retail Buildings with 3 tenants in-place on 2 legal lots facing Pecan Blvd in the heart of McAllen. Originally 5 Suites that was recently remodeled and converted to 3 Suites, High Traffic Boulevard with excellent Commercial Visibility. Good income, leases include rent increases upon renewal. Parking lots both at the front for clientele and back for employees. Back parking serviced by a public alley. Both buildings have fencing and gates to the back for added security. Tenants include a Speech Therapy Clinic, Nail Salon, and separate Hair Salon. Do Not Disturb the Tenants unless you pay for their services. Personal Service industries are always in demand and well paying stable tenants. Pecan Blvd is also known as FM 495 which leads to Mission, TX to the West and Pharr, TX to the East.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,620 SF
Building Class
C
Year Built/Renovated
1977/2025
Price
$732,480 CAD
Price Per SF
$452.15 CAD
Cap Rate
7.74%
NOI
$56,659 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.26 AC
Zoning
CS - Commercial Services
Parking
10 Spaces (6.17 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sensational kids and Speech and Beyond
- Educational Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sensational kids and Speech and Beyond | Educational Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | P5100-00-002-0012-00 | Improvements Assessment | $96,059 CAD |
| Land Assessment | $157,763 CAD | Total Assessment | $253,822 CAD |
PROPERTY TAXES
Parcel Number
P5100-00-002-0012-00
Land Assessment
$157,763 CAD
Improvements Assessment
$96,059 CAD
Total Assessment
$253,822 CAD
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1612 & 1618 Pecan Blvd Complex | 1612 Pecan Blvd
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