Contact Property

Plaza Viejo Shopping Center - Availability Details

7470-7490 Padre Island Highway, Brownsville, TX 78521

  • For Sale $1,907,000
  • Property Type Retail - Street Retail
  • Property Size 17,900 Sqft
  • Lot Size 2.39 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2005
  • Date Updated May 14, 2021
The subject property is located in the northeastern portion of Brownsville on one of the city’s major thoroughfares, Padre Island Highway, and directly north of Ruben M Torres Boulevard, a major east-west thoroughfare. Traffic counts are approximately 20,200 vehicles per day in front of the property. Neighboring national and regional retailers include Church’s Chicken, McDonald’s, Burger King, Family Dollar, Dollar Tree, Whataburger, Dairy Queen, AutoZone, Little Caesars Pizza, CVS Pharmacy, Cricket Wireless, Subway, Rent-A-Center, OneMain Financial, Advance Auto Parts, and Metro by T-Mobile. Several schools are in the vicinity, including Garcia Middle School, Imagination Station Academy, Vermillion Elementary School, and Rivera Early College High School. The surrounding area is densely populated with over 139,900 residents within five miles of the property. The city of Brownsville’s proximity to the Mexican border draws consumers from both the United States and Mexico, including nearby Monterrey, Mexico’s second wealthiest city with a population of approximately 1.2 million people.
read more read less

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Location

  • City Brownsville, TX
  • Neighborhood Brownsville
  • Zip Code 78521
  • Market McAllen

Contacts

broker

Philip Levy

The Levy Retail Group

(972) 755-5225

Highlights

  • Value-Add, Multi-Tenant Retail Center in Brownsville, Texas
  • Currently 59% Occupied | Tremendous Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 12.81%
  • All Current Leases are Triple-Net
  • 52% of the Gross Leasable Area has Credit Tenants
  • Priced at $106 per Square Foot | Below Replacement Cost
  • The Center is Comprised of Two Buildings Totaling 17,900 Square Feet Situated on 2.39 Acres | Out Parcels to Former Walmart Building
  • Located in the Northeastern Quadrant of Two of the Cities Major Thoroughfares (Padre Island Highway and Ruben M Torres Boulevard) | Traffic Counts in Front of the Property on Padre Island Highway are Approximately 20,200 Vehicles per Day
  • Approximately 20 Miles to South Padre Island, Texas’ Most Popular Beach Destination
  • Densely Populated Area with More than 139,900 Residents Within Five Miles of the Property
  • Close Proximity to the Mexican Border, Drawing Consumers from both the United States and Mexico

Frequently Asked Questions

What year was Plaza Viejo Shopping Center built and finished?

Plaza Viejo Shopping Center was completed in 2005.

Contact Listing Broker

broker

Philip Levy

The Levy Retail Group

(972) 755-5225

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.