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500 E Hackberry Ave 24,982 SF 100% Leased Retail Building McAllen, TX 78501 $8,510,720 CAD ($340.67 CAD/SF) 7.16% Cap Rate



INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- 100% Leased
- Centrally Located in McAllen
- Income Producing
- City Access & High Visibility
- Less than 1 mile from Major Retail Shopping Centers
EXECUTIVE SUMMARY
Hackberry Business Park: A Strategic Investment Opportunity in McAllen, Texas Hackberry Business Park is a unique, income-producing property positioned minutes from McAllen's major retail centers. It provides a prime opportunity for investors or developers aiming to enhance the value of an asset while also having the option to construct additional commercial and industrial buildings. This is a one-of-a-kind, fully leased property that offers immediate cash flow. Located with high visibility and moderate traffic, the business park is surrounded by established subdivisions, the V.A. Office, and McAllen Memorial High School. The location is centrally positioned in McAllen, less than a mile from major retail shopping centers. Plus, there is plenty of parking, with space for over 250 vehicles. This is a remarkable chance to secure a value-add property with both city access and a premier location.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
24,982 SF
Building Class
B
Year Built/Renovated
1977/2015
Price
$8,510,720 CAD
Price Per SF
$340.67 CAD
Cap Rate
7.16%
NOI
$609,143 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
5.51 AC
Zoning
Commercial
Parking
298 Spaces (11.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M0085-00-000-0001-00 | Improvements Assessment | $1,786,640 CAD |
| Land Assessment | $1,003,760 CAD | Total Assessment | $2,790,400 CAD |
PROPERTY TAXES
Parcel Number
M0085-00-000-0001-00
Land Assessment
$1,003,760 CAD
Improvements Assessment
$1,786,640 CAD
Total Assessment
$2,790,400 CAD
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500 E Hackberry Ave
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