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Uvalde Center 3250 E Main St

24,160 SF 75% Leased Retail Building Uvalde, TX 78801 £3,390,994 (£140/SF) 8% Net Initial Yield

Investment Highlights

  • 24,160-Square-Foot, Value-Add Multi-Tenant Retail Center
  • Complementary Tenant Mix of National, Regional, and Local Retailers
  • Shadow-Anchored by Walmart Supercenter

Executive Summary

Marcus & Millichap is pleased to offer the opportunity to acquire a 24,160-square-foot, multi-tenant retail center in Uvalde, Texas. Uvalde Shopping Center is 100 percent leased, and 80 percent of the gross leasable area has triple-net leases. Tenants consist of a complementary mix of retailers and service-oriented businesses, including Cricket Wireless, Deluxe Nails & Spa, Great Clips, Shoe Dept., Sally Beauty Supply, CATO, and Beltone Hearing Aids. Constructed in 2005, the building is situated on 2.72 acres with a highly visible, double-sided pylon sign providing additional exposure to the center.
The subject property is located on East Main Street (U.S. 90),one of the city's major thoroughfares. Traffic counts are approximately 23,586 vehicles per day in front of the property. Numerous national and regional tenants are in the surrounding area, including Walmart Supercenter, AT&T, Applebee's, Enterprise Rent-a-Car, Dollar Tree, One Main Financial, KFC, Little Caesars Pizza, Whataburger, Hobby Lobby, Petsense, Burkes Outlet, Wingstop, EZ Pawn, Golden Chick, Pizza Hut, Wendy's, McDonald's, Gatti's Pizza, Domino's, Church's Chicken, H-E-B grocery store, Sonic Drive-In, O'Reilly Auto Parts, Starbucks, Jack in the Box, Subway, Tractor Supply, and more. Additional traffic is provided by several neighboring hotels, such as Holiday Inn, Hampton Inn, and Motel 6. The property is in close proximity to Southwest Junior College and Uvalde Memorial Hospital. Uvalde Memorial Hospital is a not-for-profit county hospital serving five counties and has completed building out its new $83 million campus with a two-story, 180,000-square-foot building, expanding its existing hospital footprint.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
24,160 SF
Building Class
B
Year Built
2005
Price
£3,390,994
Price Per SF
£140
Net Initial Yield
8%
NOI
£271,280
Percent Leased
75%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Lot Size
2.72 AC
Zoning
Commercial - Commercial

Nearby Major Retailers

CrossFit
Applebee's
Rent-A-Center
Snap Fitness 24/7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18783
Land Assessment
£53,337
Improvements Assessment
£0
Total Assessment
£53,337
  • Listing ID: 32029314

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 3250 E Main St, Uvalde, TX 78801

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