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Listed by Black Rock CRE
$ 2,150,000
Active
600 N Main ST Donna, TX 78537
8,856 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,856 sqft
Subdivision Cvs-Donna
MLS Listing ID 505426
HOA Y/N No
Year Built 2022
Annual Tax Amount $24,832
Tax Year 2024
Lot Size 0.660 Acres
Acres 0.66
Property Sub-Type Commercial
Source Greater McAllen
Property Description
2022 Retail Center on Hard Corner | 5 of 6 Leased Thru 2029 + Value-Add Upside
Black Rock CRE is pleased to offer 600 N. Main St., a 2022-built ±8,573 SF multi-tenant retail center on a signalized hard corner off Expressway 83 (I-2) in Donna, TX, with shared access to CVS. Five of six suites are leased to a stable service/convenience mix, with five leases now running through 2027–2029. Offered at $2,150,000 (6.3% in-place cap), the center delivers day-one cash flow plus clear upside: leasing the single vacant 1,310 SF suite lifts the yield to ~7.7% stabilized; a newer, low-maintenance asset in the fast-growing McAllen MSA.
Black Rock CRE is pleased to offer 600 N. Main St., a 2022-built ±8,573 SF multi-tenant retail center on a signalized hard corner off Expressway 83 (I-2) in Donna, TX, with shared access to CVS. Five of six suites are leased to a stable service/convenience mix, with five leases now running through 2027–2029. Offered at $2,150,000 (6.3% in-place cap), the center delivers day-one cash flow plus clear upside: leasing the single vacant 1,310 SF suite lifts the yield to ~7.7% stabilized; a newer, low-maintenance asset in the fast-growing McAllen MSA.
Location
State TX
County Hidalgo
Interior
Heating Central
Cooling Central Air
Flooring Other
Appliance Water Heater (Other)
Exterior
Garage Spaces 38.0
View Y/N No
Roof Type Flat
Total Parking Spaces 38
Garage Yes
Building
Faces The property is on the SE Corner of Expressway 83 and Main Street behind the CVS, which shares an access.
Story 1
Structure Type Block,Stucco
New Construction No
Others
Tax ID C983100000000200