Value Add Investment Opportunity

Overview

Highlights

• Rare Texas Border Market Value Add Opportunity
• Excellent Upside Potential w/ Return on Cost of 9.6%
• Well Below Replacement Cost- $65psf
• Located in the Core Retail Corridor in the Trade Area
• Benefits from Significant Texas- Mexico Trade Activity - $615 Billion in 2024
• Strong Population within 15 minute drive
• Harlingen Airport is only Southwest Hub serving the entire Rio Grande Valley

Description

Invest in the future of retail with this exceptional 101,308 SF anchor space at Vista Valle Mall. Offering prime visibility to Interstate 2 and Interstate 69E, this property sees over 140,000 daily passing vehicles. With a low acquisition cost, there's immense potential for successful asset repositioning and substantial improvements. The existing infrastructure allows for offering below-market rents to tenants, ensuring a competitive edge in the market. Plus, the high new construction costs in the area make the development of large anchor spaces unfeasible, positioning this property as a lucrative investment opportunity for retail and regional mall investors. Built in 1984 and renovated in 2004, this property is ready for its next chapter.

Location

Discover the prime investment opportunity awaiting you in Harlingen, TX. Located in the heart of the vibrant Rio Grande Valley, the area surrounding the property offers easy access to a range of amenities and attractions. Your future tenants will appreciate the proximity to Valley International Airport, Harlingen Medical Center, and the popular shopping and dining options at Valle Vista Mall. The thriving business community and supportive local government make this location an ideal choice for office or office building investment. Explore the potential of this dynamic area and position your investment for success.

Contact Broker