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3511 N Closner Blvd
Edinburg, TX 78541

$2,035,000

Bar For Sale  •  11,226 Sq Ft

Property Details

  • Property Type Bar
  • Total Building Size 11,226 Sq Ft
  • Lot Size 1.69 ac
  • Building Class B
  • Year Built 2017
  • Cap Rate 7.24 %
0 Transit Score
39 Walk Score

Description

Marcus & Millichap is pleased to offer the opportunity to acquire an 11,226-square foot, multi-tenant retail center located in Edinburg, Texas. Junior's Plaza is currently 89 percent occupied, and all leases are gross, providing significant upside potential by leasing the vacant space and converting the leases to triple-net. The center is a mix of national and regional tenants including Little Caesars, A-Max Auto Insurance, Famsa Loans, Don Marisco, Wingstop, and Serrano's Libra x Libra Sports Grill. Constructed in 2017, the property is inline with Junior's Super Market and situated on 1.69 acres.

Highlights

Marcus & Millichap is pleased to offer the opportunity to acquire an 11,226-square foot, multi-tenant retail center located in Edinburg, Texas. Junior
89% Occupied | All Leases are Gross | Significant Upside Potential by Converting Leases and Leasing Vacant Space
Per Leases, Tenants are Responsible for Water, Sewer, Electric, Internet, Cable, HVAC Service Contract, and HVAC Replacement
A-Max and Famsa have Corporate Guarantors | Wingstop, Don Marisco, and Serrano Libra x Libra have Personal Guarantors

Property Flyers

Financial Summary

Cap Rate: 7.24 %

Public Transportation

AirportDriveWalkDistance
McAllen Miller International Airport 20 min - 14.8 mi
Philip Levy 972-755-5225 Marcus & Millichap
Philip Levy 972-755-5225 Marcus & Millichap