Shopping Centers in McAllen, Texas, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a population of over 140,000 residents, McAllen has evolved from a rural and agricultural community to a hub for international trade, health care, retail, and tourism. Shopping Centers in McAllen represent a diverse range of investments, from strip centers and community centers to power centers and regional malls. These properties benefit from McAllen's strategic location, which provides access to a large consumer base and a strong workforce. The city's amenities, including the McAllen Nature Center, Zinnia Spray Water Park, and Champion Lakes Golf Course, make it an attractive place to live, work, and shop. Additionally, McAllen's proximity to Reynosa, a large manufacturing center, and the presence of the United States Border Patrol McAllen Station and Central Processing Center, contribute to its economic growth. As a result, Shopping Centers in McAllen are well-positioned to benefit from the city's continued expansion.
With 6 Shopping Centers for sale in McAllen, investors have a range of options to choose from. These properties offer an average price per square foot of $192 USD, with an average size of 43,842 square feet, and a largest size of 92,117 square feet. The average cap rate for Shopping Centers in McAllen is 7.61%. In addition to Shopping Centers, McAllen also offers a range of other property types, including Restaurants, which benefit from the city's growing food scene; Specialty Properties, which cater to the city's diverse population; Land, which is in high demand due to the city's rapid growth; and Office Properties, which serve the city's thriving business community. Overall, McAllen's Shopping Centers offer a unique investment opportunity, with a strong potential for growth and returns.
What is the average cap rate for shopping centers in McAllen?
The average cap rate for shopping centers in McAllen is 7.61%, making it an attractive investment opportunity for those looking to capitalize on the city's growing retail sector, which is fueled by its proximity to the Mexico-US border and a population of over 140,000 residents.
