Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional 21,000-square-foot shopping center in Penitas, Texas, presents a compelling investment opportunity. Strategically located on Expressway 83, this 100% occupied, multi-tenant retail center benefits from its proximity to a Walmart Supercenter, driving significant traffic with approximately 2.9 million annual visits. The property boasts a strong tenant base, with 75% national tenants including a Dollar Tree anchor store (NASDAQ: DLTR), and a complementary mix of internet-resistant, service-oriented businesses such as Wingstop, T-Mobile, Sally Beauty Supply, Little Caesar's, Case De Hilo, Texan Credit Corporation, Action Credit, and a nail salon. All nine tenants are on triple-net leases, minimizing landlord responsibilities. Built in 2012, the center sits on a 2.11-acre lot with ample parking, and enjoys high visibility on a major thoroughfare with over 38,311 vehicles passing daily. The location benefits from its proximity to several schools and the McAllen-Edinburg-Mission and Reynosa-McAllen metropolitan areas, serving a population of approximately 1.5 million people. The property's strong NOI of $325,703 and 7.25% cap rate, coupled with its strategic location and tenant mix, make it an attractive investment. The asking price is $4,492,500, with a price per square foot of $213.93.
Highlights
21,000-square-foot multi-tenant retail center shadow-anchored by Walmart.
Walmart generates strong traffic, approximately 2.9 million annual visits.
100% occupied with triple-net (NNN) leases.
Strong tenant base, 75% national tenants.
Anchored by Dollar Tree (NASDAQ: DLTR).
Tenant mix includes internet-resistant, service-oriented businesses.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
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.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.