301 Alton BlvdAlton, TX 78573

For Sale
$2,203,586

High-yield Texas retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail investment opportunity presents a 6,783 square foot, single-story building situated on a 0.69-acre lot in Alton, Texas. The property, built in 2016, boasts a 100% occupancy rate with five tenants: Verizon Wireless, Antojitos Mexicanos, Barri Financial, Fred Loya Insurance, and Pappa's Pizza, all operating under absolute NNN leases, minimizing landlord responsibilities. The property generates a strong net operating income (NOI) of $159,760, resulting in an attractive 7.25% cap rate. Located on US-107, a major thoroughfare with over 18,000 vehicles passing daily, this highly visible outparcel benefits from its proximity to a major supermarket attracting over 795,000 annual visitors. The area demonstrates robust growth, with a 10.1% population increase within a 5-mile radius since 2010. The asking price is $2,203,586, offering a compelling return on investment. National retailers like McDonald's, KFC, CVS, AutoZone, O'Reilly Auto Parts, and Dollar Tree are located nearby, further enhancing the property's desirability and potential for long-term growth. 80% of the current tenants have been in place since the center opened. This fee-simple ownership opportunity provides a stable and lucrative investment in a thriving Texas market.

Highlights

  • Alton Plaza, a retail strip center in Alton, TX, located in South Texas.
  • Fully leased with a strong mix of national and regional tenants.
  • Triple-net (NNN) lease structure; landlord responsibilities are minimal.
  • High visibility and accessibility; over 18,000 vehicles per day.
  • Strong population growth; 10.1% increase within a 5-mile radius since 2010.
  • Outparcel to a high-traffic junior supermarket attracting over 795,000 annual visitors.

Property Details for 301 Alton Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,783 SF
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
30,056 SF
Units
5

Location Insight

City
Alton
County
Hidalgo
State
Texas
Latitude
26.2892256
Longitude
-98.3141711
301 Alton Blvd, Alton, Texas

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301 Alton Blvd
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