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Lantana Center 4100 Col Rowe Blvd 38,000 SF 100% Leased Retail Building McAllen, TX 78504 $12,973,770 CAD ($341.41 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 100% Leased Shopping Center Opportunity with a Diverse Tenant Mix
- Majority of Leases Feature Rent Increases, Providing a Hedge Against Inflation
- Population of 622,354 within a 10-Mile Radius
- Anchored by Mr. Gatti's Pizza, featuring a Drive-Thru Pickup Window, and Shadow-Anchored by Cinemark Movie Theater
- High Concentration of Schools Supporting Consistent Family- and Student-Driven Traffic
- No State Income Tax in Texas
Executive Summary
The Lantana Center is a fully leased shopping center opportunity with a diverse tenant mix, prominent signage, and scheduled rent growth. The property is anchored by Mr. Gatti's Pizza, featuring a convenient drive-thru pickup window and shadow-anchored by a 17-screen Cinermark movie theater, resulting in additional draw from a major national tenant adjacent to the property. The property benefits from dense, growing demographics, with ample residential development activity surrounding the site, as well as a high concentration of schools within a 5-mile radius, supporting consistent family- and student-driven traffic to the area.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
38,000 SF
Building Class
B
Year Built
1997
Price
$12,973,770 CAD
Price Per SF
$341.41 CAD
Cap Rate
6.75%
NOI
$875,346 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
3.03 AC
Zoning
CO
Frontage
254’ on Col Rowe Blvd
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Monument Signage
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | S6858-00-000-000A-00 | Improvements Assessment | $2,148,930 CAD |
| Land Assessment | $1,469,490 CAD | Total Assessment | $3,618,420 CAD |
Property Taxes
Parcel Number
S6858-00-000-000A-00
Land Assessment
$1,469,490 CAD
Improvements Assessment
$2,148,930 CAD
Total Assessment
$3,618,420 CAD
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Lantana Center | 4100 Col Rowe Blvd
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