This exceptional 55,519-square-foot Class A shopping center and storefront property, situated on a 6.47-acre lot in Harlingen, Texas, presents a unique investment opportunity. Located in a prime retail, office, and medical corridor within the rapidly growing Rio Grande Valley, this multi-tenant property boasts a 7.00% cap rate and is priced at $6,662,280 ($120/SF). The property, previously occupied by a large call center, underwent extensive renovations in 2009, including over $5 million in improvements and upgrades. Features include ample parking for over 500 vehicles, recently sealed and striped parking lots, fresh interior and exterior paint, new carpet and tile installed in 2021, two upscale stainless steel restrooms, large cafeteria/breakrooms, multiple offices and training rooms, and all HVAC units replaced in 2021. The property's proximity to Valley Baptist Medical Center, one of Texas' largest medical complexes, further enhances its desirability. With a lease expiring July 6th, 2024, this presents a chance to acquire a well-maintained, high-quality property in a thriving market. The property is zoned for retail, medical, educational, and office uses. The NNN lease structure offers a low-maintenance investment. This is an exceptional opportunity for investors seeking a strong return in a dynamic location.
Highlights
Completely renovated and furnished in 2009.
Over $5 million in improvements and upgrades.
Former 500+ employee call center.
6.47-acre lot with recently sealed and striped parking.
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Contacts
Royce Carville
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2222 77 Sunshine Strip, Harlingen, Texas, 78550
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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2222 77 Sunshine Strip
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