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1815 S 10th St
McAllen, TX 78503
Old Navy · Retail Property For Sale
Investment Highlights
- 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 yearly.
- Old Navy has occupied this site since its construction in 1997, demonstrating the tenant’s commitment to the site.
- 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.
- 10-year lease renewal has 7+ years of term remaining with an upcoming 8% rent increase in February 2030, and one 5-year renewal option.
- Old Navy is positioned opposite the La Plaza Mall, one of the highest grossing malls per square foot nationally, with estimated sales of $1,000 psf.
- Benefits from a position along the Texas-Tamaulipas border where high traffic counts and cross-shopping are bolstered by transient consumers.
Executive Summary
STNL Old Navy | Long-standing Location with 27-year Tenure | La Plaza Mall Adjacent | McAllen, TX
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
B
Year Built
1997
Price
$7,782,273 CAD
Price Per SF
$518.82 CAD
Cap Rate
6.25%
NOI
$486,392 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.43 AC
Zoning
C3
Amenities
- Signage
Property Taxes
| Parcel Number | H2550-00-007-0010-03 | Improvements Assessment | $911,742 CAD |
| Land Assessment | $1,689,877 CAD | Total Assessment | $2,601,619 CAD |
Property Taxes
Parcel Number
H2550-00-007-0010-03
Land Assessment
$1,689,877 CAD
Improvements Assessment
$911,742 CAD
Total Assessment
$2,601,619 CAD
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