Burlington & Murdoch’s Mission Gateway Center

Highlights:

• Long-Term NNN Leases: Secure, stable income with top tenants Burlington and Murdoch’s.
• Burlington's Strong Sales: $9.7B in revenue, over 1,020 stores, investment-grade credit.
• Murdoch’s Regional Impact: Key retailer serving ranch/farm needs in Texas and Mexico.
• Strategic Border Location: 4 miles from Anzalduas crossing, capturing heavy border traffic.
• Texas-Mexico Trade Hub: $615B trade value, supporting 1M jobs and regional retail growth.
• Below Replacement Cost: Low $201/sq. ft., offering high intrinsic real estate value.
• Tax-Friendly State: Texas has no state income tax, boosting investor profitability.

Description:

Faris Lee Investments is pleased to present an exceptional high performing 2 tenant National Credit
offering located in Mission, TX. This property, anchored by high-performing tenants Burlington and
Murdoch’s Ranch and Home Supply, represents a prime investment in a high-traffic, strategically
positioned retail center, offering unparalleled advantages for discerning investors. Situated just 4 miles
from the Anzalduas International Border Crossing, the property captures significant cross-border traffic
from Monterrey and Reynosa, being the first shopping center encountered from the border. This prime
location benefits from excellent visibility and accessibility, ensuring consistent foot traffic and robust
economic activity, supported by the property’s proximity to McAllen, a major retail hub. The Anzalduas
International Border Crossing handles over 4.6 million vehicle crossings annually, enhancing the
property’s consumer reach and making it an ideal destination for cross-border shoppers.
The surrounding area is a vibrant retail environment, with nearby stores and services catering to both
local and cross-border shoppers, further boosting the property’s attractiveness and drawing a steady
flow of customers. In close proximity to Sharyland Towne Crossing, which includes HEB, Target, and
Ross, the center experiences over 9 million annual visits. Additionally, the property is near Market at
Sharyland Place, which features Walmart, Kohl’s, and Dollar Tree, and had 4.9 million annual visits
in the last 12 months. This thriving retail hub enhances the overall shopping experience and foot traffic
for tenants, contributing to the property’s long-term success.

The property boasts a robust tenant mix featuring high-performing, creditworthy retailers such as
Burlington and Murdoch’s Ranch and Home Supply. Burlington, with an investment-grade credit rating
(S&P rated BB+), commands a market cap exceeding $14.5 billion as of June 2024. The company
reported fiscal 2023 revenue of $9.7 billion, with a 2% year-over-year increase in comparable sales, and
operates over 1,020 stores across 46 states, highlighting its national presence and financial strength.
Murdoch’s Ranch and Home Supply, a high-volume, destination-driven retailer, attracts a strong and
loyal customer base, operating over 40 locations across six states. This location is particularly significant
as it is the only Murdoch’s in the Rio Grande Valley and within a 200-mile radius, making it a key
shopping destination for Southern Texas and Northeast Mexico. This exclusive presence enhances the
property’s draw and long-term viability.
This property offers unparalleled financial stability and impressive income growth potential, supported
by long-term NNN leases that ensure consistent rental income with minimal landlord responsibilities.
Scheduled rental increases every five years provide a hedge against inflation, enhancing the return
on investment (ROI). Both tenants have four 5-year options available until 2034, further solidifying the
property’s long-term viability. Additionally, tenants bear most property expenses, reducing operational
burdens and simplifying property management. With its strategic location, high-quality tenants, and
favorable lease structures, this property represents a unique opportunity to acquire a highly desirable
commercial asset in Mission, TX. The combination of strong tenant credit, long-term leases with builtin
rental escalations, and a vibrant retail environment makes this an attractive investment, promising
stable and appealing returns.