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Old Navy 1815 S 10th St 15,000 SF Retail Building McAllen, TX 78503 $7,848,869 CAD ($523.26 CAD/SF) 6.25% Cap Rate

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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.