paseo plaza - loopnet
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PASEO PLAZASWC OF SOUTH 10TH STREET AND HWY 83MCALLEN, TX
FOR MORE INFORMAT ION PLEASE CONTACT:
Graham KetchumCBRE, Inc. Retail Brokerage Services200 Concord Plaza, Suite 800 +1 210 507 1132 [email protected]
Hilda G. NavarroRIOCO Real Estate Services, LLC Retail Brokerage Services900 E Lakeview DrMcAllen, TX 78501 +1 956 630 9400 [email protected]
John H. Wright, IVCBRE, Inc. Retail Brokerage Services200 Concord Plaza, Suite 800 +1 210 253 6010 [email protected]
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EXECUTIVE SUMMARYPROPERTY HIGHLIGHTS
Paseo Plaza is located at the most heavily
traveled intersection in the Rio Grande Valley,
and in the heart of the area’s shopping, dining
and entertainment district.
McALLEN HIGHLIGHTS
• McAllen ranked 3rd in Texas in retail sales per
capita
• McAllen MSA rated best housing market in
U.S. - Wall St. Journal, 2012
• McAllen MSA rated #1 in nation in long term
job growth - U.S. Bureau of Labor
Statistics, 2012
LOCATION
SWC of South 10th Street and Hwy 83
McAllen, TX
GLA
34,233 SF
AVAILABLE SF
2,457
2,320
5,763
RENTAL RATE PSF$20.00 - $36.00 TRIPLE NET CHARGES:
CAM $2.41 PSF
TAXES $2.77 PSF
INSURANCE $0.62 PSF
TOTAL $5.80 PSF
AREA RETAILERS
Starbucks
2014 DEMOGRAPHICS 1 Mile 3 Miles 5 Miles
Population 6,377 78,288 213,493
Avg. Household Income $48,218 $44,883 $53,080
2012 TRAFFIC COUNTS VPD
South 10th Street 23,000
Hwy 83 146,000
KEY TENANTS
PASEO PLAZA
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MAPS
Paseo Plaza
287
90
287
281
281
90
83
281
18359
8377
3510
45
10
45
20
30
35
20
40
20
10
10
35 37
DallasFt. Worth
Houston
Austin
Corpus Christi
BrownsvilleHarlingen
McAllen
Laredo
El Paso
Del Rio
Eagle Pass
San Antonio
PASEO PLAZA
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AERIAL
83
Walmart
SupercenterSam’Sclub®
Las Tiendas PLaza
McaLLen PaviLLion
RiveR vaLLey cenTeR
10th
St
S C
ol
Row
e B
lvd
S M
cColl
Rd
S K
Cente
r
E Jackson Ave
Savannah Ave
Jackson Ave
S 18th
St
La PLaza MaLL
Paseo PLaza
Starbucks
PASEO PLAZA
mcallen InternatIonal aIrport mcallen
country club
rIo Grande HoSpItal
Solara HoSpItal mcallen
lIfecare HoSpItalS of SoutH texaS - SoutH mcallen
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SITE PLAN
The Perfect Brow Bar
Prominence Healthfirst1,539 SQ. FT.
Suite 115
Available2,320 SQ. FT.
Suite 110
PASEO PLAZA
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FLOOR PLAN - SUITE 170
Available 2,457 SF
PASEO PLAZA
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FLOOR PLAN - SUITE 160
Available 5,763 SF
PASEO PLAZA
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FLOOR PLAN - SUITE 110
Available 2,320 SF
Prominence Healthfirst
PASEO PLAZA
PAGE 9
PHOTOS PASEO PLAZA
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McALLEN HIGHLIGHTS
• McAllen ranked 3rd in Texas for total retail sales per capita.
• The McAllen MSA is the eighth fastest growing city in the United States and the fastest growing by percentage in the State of
Texas. (U.S. Census Bureau, 2005 )
• McAllen was ranked first in job growth and second in income growth in a survey of Best Cities For Jobs in 2008.
(Forbes.com, 2008)
• Ranked as the cheapest city in the United States for cost of living. (ACC RA, 2005)
• McAllen MSA was ranked fifth in the Nation as hottest city for entrepreneurs, and second among midsize MSA ’s.
(Inc. Magazine)
• Fourth fastest growing MSA in nation by percent change in population. (U.S. Census, 2000)
• First County in Texas by percent change in population. (U.S. Census, 2000)
• Rated second for Top Mid-Market areas. This ranking has been consistently in the top two for ten years. (Southern Business
and Development Magazine, 2004)
• Ranked seventh in the Top Performing Cities in the nation, ranked by job growth, wages and salary growth, short-term job
growth and high-tech job growth. (Milken Institute, 2007)
• Ranked first in the Southwest as the best place for entrepreneurship. (Entrepreneur Magazine )
• Ranked as one of the ten best places in the South for location of an automotive assembly plant. (Southern Business and
Development Magazine, 2004 )
• Reynosa is the only city in all of Mexico that has not shown a job loss in the maquiladora industry for the past five years.
(INEGI)
© 2014 RIOCO and CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
FOR MORE INFORMAT ION PLEASE CONTACT:
Hilda G. Navarro RIOCO Real Estate Services, LLC Retail Brokerage Services 900 E Lakeview DrMcAllen, TX 78501 +1 956 630 9400 [email protected]
Graham KetchumCBRE, Inc. Retail Brokerage Services200 Concord Plaza, Suite 800 +1 210 507 1132 [email protected]
John H. Wright, IVCBRE, Inc. Retail Brokerage Services200 Concord Plaza, Suite 800 +1 210 253 6010 [email protected]
PASEO PLAZA