1110 S 10th St - Restaurant FOR SALE
McAllen, TX 78501 |
1110 S 10th St
McAllen, TX 78501
HIGHLIGHTS
- INVESTMENT GRADE LEASE GUARANTEE - Income guaranteed by Denny's with approximately 1,600 locations in the United States and in 14 countries.
- TWO (5-YR) OPTIONS W INCREASES IN EACH OPTION - 5% increases in each option. The remaining term on this lease is ±3.5 yrs with two (5-yr) options.
- ABSOLUTE NET LEASE This is an absolute net lease with no landlord responsibilities.
- ALONG I-2 (±118,761 VPD) & RETAIL AREA - Located 1 block N of I-2 with daily traffic counts of ±118,761 vpd and surrounded by 4.3M SF of retail space.
- NEAR MCALLEN INTERNATIONAL AIRPORT - McAllen Intl Airport sits on 370 acres & located 1 mi S of the subject with 2.4M passengers a year.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Denny’s | Texas | $3.75M | Rental Increases
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
5587
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
L1800-00-000-000A-00
