Trimani Plaza 3601 S Business Highway 281 Local commercial 1 624 m² 93 % Loué À vendre Edinburg, TX 78539

CBRE’s South Texas Retail Investment Sales Team has been exclusively retained to offer Trimani Plaza, a 17,485 square foot, multi tenant retail center located at 3601 S Business 281 in Edinburg, Texas (“Property”). Built in 2019, the Property sits on a 1.84 acre signalized corner site with excellent visibility and access along a primary commercial corridor. The center is currently 93% occupied, offering stable in place income with upside through lease up of remaining vacancy.
Trimani Plaza is a medical focused retail center anchored by Humana, operating as Center Well Senior Primary Care, occupies approximately 72% of the property with 5 years remaining on their 10 year lease, providing credit backed cash flow. Humana also pays the lowest rent at the property ($13.91/sf/yr), which is significantly below market rents in the area. This provides a new owner the opportunity to significantly increase future cash flow when Humana’s lease expires.
The Property benefits from strong demographics, including $100K+ average household incomes within one mile and a population of over 237,000 residents within five miles. Trimani Plaza is offered at $3,678,800, representing a 7.00% in place cap rate, an attractive $210 PSF basis, and average in place base rents of $15.42 PSF. With modern construction, credit anchored tenancy, and a growing trade area, Trimani Plaza offers investors a compelling value add retail opportunity in South Texas.