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North Conway Professional Plaza 2408-2504 N Conway Ave 12,120 SF 100% Leased Retail Building Mission, TX 78574 $3,657,069 CAD ($301.74 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Significant Upside Through Below-Market Rents
- Strong National Tenant Presence and New Development
- Major Economic and Industrial Expansion
- Premium Location on a High-Traffic Corridor
- Dense Population and Sustained Growth
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale the North Conway Professional Plaza, a medical retail center strategically located on North Conway Avenue, one of the most heavily trafficked thoroughfares in Mission, Texas.
The property sits within a high-growth corridor surrounded by national retailers and significant new development activity, making it a compelling opportunity in the rapidly expanding Rio Grande Valley market. The property offers investors the ability to generate stable cash flow from day one, while simultaneously capturing meaningful upside through increasing below-market rents to current market rates, a rare combination of stable income and value-add potential in one of South Texas’ fastest-growing markets.
The property sits within a high-growth corridor surrounded by national retailers and significant new development activity, making it a compelling opportunity in the rapidly expanding Rio Grande Valley market. The property offers investors the ability to generate stable cash flow from day one, while simultaneously capturing meaningful upside through increasing below-market rents to current market rates, a rare combination of stable income and value-add potential in one of South Texas’ fastest-growing markets.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,120 SF
Building Class
C
Year Built
1998
Price
$3,657,069 CAD
Price Per SF
$301.74 CAD
Cap Rate
6.75%
NOI
$246,760 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.84 AC
Zoning
C-3
Parking
40 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Texas Elite Eye Clinic
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Texas Elite Eye Clinic | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | B2638-00-000-0003-00 | Improvements Assessment | $480,928 CAD |
| Land Assessment | $724,090 CAD | Total Assessment | $1,205,018 CAD |
Property Taxes
Parcel Number
B2638-00-000-0003-00
Land Assessment
$724,090 CAD
Improvements Assessment
$480,928 CAD
Total Assessment
$1,205,018 CAD
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North Conway Professional Plaza | 2408-2504 N Conway Ave
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