Colonnade of McAllen

Address

6500 N 10th Street
McAllen, TX 78504

Investment Overview

Edge Realty Capital Markets is pleased to present the opportunity to acquire Colonnade of McAllen, a 41,041 square foot, recently updated neighborhood retail center located in McAllen, Texas. This well-maintained, fully leased asset features a diverse mix of service-based, daily needs national, regional, and local tenants positioned to serve both the immediate trade area and a broad secondary market extending beyond a five-mile radius.

The Property is situated within McAllen, one of the most dynamic and fastest-growing markets in Texas. Positioned at the hard corner of the signalized intersection of N. 10th Street and Martin Avenue, the Property benefits from excellent visibility and access to nearly 33,000 cars per day, with an additional 23,000+ cars per day at the nearby regional intersection of 10th and Trenton, directly to the north. Drawing more than 19.5 million annual visits, not including international visitors, the 10th and Trenton retail hub is home to several top-performing national tenant locations, creating exceptional cross-traffic opportunities.

The McAllen trade area serves as the primary retail, medical, educational, and cultural hub of the Rio Grande Valley, attracting shoppers and visitors from across South Texas and northern Mexico. Supported by strong population growth, significant cross-border spending, and a diverse economic base, McAllen consistently ranks among the most active retail markets in Texas. The area benefits from robust household incomes, a well-educated workforce, and major regional employers in healthcare, education, and logistics.

Investment Highlights

Quality Investment: Recently updated multi-tenant retail center with consistent cash flow and immediate upside through the re-letting of the 1,235 SF Farmers Insurance suite (currently dark), along with multiple long-term value creation opportunities.

Nation Leading Retail Hub: Positioned near the dominant retail intersection of N 10th and Trenton, the Property is surrounded by top performing and category-leading anchor tenants, underpinning an exceptional regional draw.

Significant Value Creation Opportunities: With in-place rents averaging $16.96/SF, well below market, and 46% of leases rolling within the next three years, the Property offers investors a compelling opportunity to capture meaningful rent growth and near-term upside.

Recent Capital Improvements: Well maintained asset with recent capital improvements including a new pylon sign, exterior repainting and a resurfaced and restripped parking lot.

International Destination: Home to the McAllen-Hidalgo International Bridge, McAllen boasts an estimated 18 million visitors each year, with about 40% visiting from Mexico, creating an ideal shopping destination for affluent Mexican nationals.

Diversified Daily Needs Tenant Mix: The asset features a diversified mix of service-oriented and daily-needs tenants spanning healthcare, financial services, childcare, and complementary uses.

Top Performing Demographics: Adjacent to established, dense neighborhoods with average household incomes within a one-mile radius exceeding $90,000, 43% higher than Rio Grande Valley averages.