107 S Broadway St

The Offering

• RESOLUT RE is pleased to present 107 S Broadway, a 100% leased ± 14,550-square-foot multi-tenant retail center located just off the SW corner of Edinburg Ave and S Broadway St (Ruben Hinojosa Hwy). The property is anchored by Rent-A-Center, and is complemented by Metro by T-mobile and Total Wirelss among others. Other retailers at this intersection include McDonald's, Whataburger and CVS. The property offers excellent visibility, signage and parking. A new owner can realize near-term upside with tenant lease renewals and re-tenanting some of the spaces, with a long-term outlook capitalizing on the continued growth of the Rio Grande Valley. The property is offered at $1,200,000 - a 7.93% capitalization rate on Year 1 stabilized net operating income ($82.47 per square foot)

Investment Summary

• 107 S Broadway is a 100% leased ± 14,550-square-foot multi-tenant retail center anchored by Rent-A-Center occupying a third of the GLA and base rent under a newly signed gross lease with two five-year options. Metro by T-Mobile and P&R Driving School leases expire in 2028 with the other 4 tenants on month-to-month gross leasing offering a new owner near-term upside with tenant lease renewals and re-tenanting some spaces, with a long-term outlook capitalizing on the continued growth of the Rio Grande Valley. Net operating income is a stabilized $95,135 in Year 1 with an 7.93% cap rate at the $1,200,000 price. This asset features a blend of low risk national credited tenants and local businesses, positioning itself well to the surrounding demographics with limited competing retail.

Investment Highlights

• National credit anchor. Rent-A-Center anchors Suite B on a lease running until 2030 with two five-year options. Rent-A-Center represents ~34% of the GLA and ~35% of base rent.
• 100% leased with near-term upside. With two leases expiring in 2028 (Metro by T-Mobile and P&R Driving school) and 4 others on month-to-month leases (Total Wireless, FG Bible Study, Great Deals, and Buni Boba) this asset presents strong near-term upside with tenant lease renewals and re-tenanting some spaces supported by long-term stability of anchor tenant.
• Prime Main Street intersection. Visible positioning on Elsa's primary Main street intersection of Edinburg Ave and S Broadway St (Ruben Hinojosa Hwy) at ±20,163 vehicles per day.
• 1031- and financing-friendly. A sub-institutional check size backed by a credit anchor is highly financeable and well-suited to 1031 exchange and private-capital buyers.
• Tenant mix aligned with local demographics. The center’s national tenancy (Rent-A-Center, Total Wireless and Metro by T-Mobile) consists of operators whose business models are built around value-oriented and credit-constrained consumers. Elsa’s median household income ($42,400) and low cost of living (median home value $81,600, median rent $767) match this customer profile directly, supporting consistent demand for lease-to-own merchandise and prepaid wireless service. These national operators choose sites based on proprietary market data, and their presence confirms that the trade area meets their demographic and sales requirements.
• Tenant mix aligned with local demographics. The center’s national tenancy (Rent-A-Center, Total Wireless and Metro by T-Mobile) consists of operators whose business models are built around value-oriented and credit-constrained consumers. Elsa’s median household income ($42,400) and low cost of living (median home value $81,600, median rent $767) match this customer profile directly, supporting consistent demand for lease-to-own merchandise and prepaid wireless service. These national operators choose sites based on proprietary market data, and their presence confirms that the trade area meets their demographic and sales requirements.

Area Highlights

• Hidalgo County is the ninth most populous county in Texas, with more than 921,000 residents. It makes up the McAllen–Edinburg–Mission MSA, the economic center of the Rio Grande Valley.
• The county has a long record of steady population growth, increasing every year since 2000 and growing about 10% over the past decade. It is projected to reach roughly 967,000–975,000 residents by 2030.
• The regional economy is diverse, driven by healthcare, education, retail, government, food production and transportation. Major employers include H-E-B, T-Mobile USA, Frito-Lay and Duro Bag Manufacturing.
• Cross-border trade with Mexico is a major economic engine. Several international bridges in the county carry commercial and consumer traffic, supporting logistics, distribution and retail activity throughout the region.
• A young population and low cost of living support long-term consumer demand. Nearly 30% of residents are under 18, and below-average housing costs leave households more income to spend on local goods and services.