1405 E Expressway 83 - Restaurant FOR SALE


Mission, TX 78572
$3,368,000 USD
949-221-1821
1405 E Expressway 83, Mission, TX for Sale
$3,368,000 USD
Restaurant - FOR SALE
1/6
null | 4.75% Cap Rate

1405 E Expressway 83
Mission, TX 78572


HIGHLIGHTS

  • Investment Grade Credit – (S&P Rated BBB)
  • New Long Term Lease W/ Highly Successful Opening Sales
  • Absolute, Long Term NNN Ground Lease - No Landlord Responsibilities
  • Below Market Ground Rent – Creates Long Term Intrinsic Value
  • Direct Access To 4.6 Million Vehicles – Anzalduas International Border Crossing
  • Large Lot Size / 1.76 Acres

OVERVIEW

Texas Broker of Record... Brian A. Kaplan ...TX BK 591407 Faris Lee Investments is pleased to present a remarkable opportunity to invest in a high-performing National Credit Restaurant – Olive Garden, located in Mission, TX. This property features a 10-year Ground Lease, demonstrating Olive Garden’s long-term commitment as they constructed their own facility at their own expense. Shadow-anchored by high-performing tenants Burlington and Murdoch’s Ranch and Home Supply, this site is strategically positioned within a bustling retail center, making it an ideal investment for discerning investors. Olive Garden experienced one of the chain’s strongest opening sales and consistently ranks among the top locations in sales. As a subsidiary of the Darden Group, which boasts a market capitalization exceeding $20 billion and an S&P credit rating of BBB, Olive Garden achieved over $5 billion in sales in 2024. The restaurant has been a staple in the U.S. since 1982. Positioned just four miles from the Anzalduas International Border Crossing, the property captures significant cross-border traffic from Monterrey and Reynosa, serving as the first shopping center encountered upon entering the U.S. This prime location benefits from excellent visibility and accessibility, ensuring continuous foot traffic and vibrant economic activity, further supported by its proximity to McAllen—a major retail hub. The Anzalduas International Border Crossing sees over 4.6 million vehicle crossings annually, significantly expanding the property’s consumer reach and establishing it as a prime destination for cross-border shoppers. The surrounding area features a dynamic retail landscape, with nearby stores and services that cater to both local and international shoppers, enhancing the property’s appeal and attracting a steady influx of customers. Just minutes from Sharyland Towne Crossing, which includes HEB, Target, and Ross, the center welcomes over 9 million visits annually. Additionally, the property is near the Market at Sharyland Place, home to Walmart, Kohl’s, and Dollar Tree, which recorded 4.9 million visits in the past year. This thriving retail environment boosts the overall shopping experience and foot traffic for tenants, contributing to the property’s long-term success. Investors will find unparalleled financial stability and impressive income growth potential in this property, secured by a below-market long-term NNN ground lease structure that guarantees consistent rental income without landlord responsibilities. Scheduled rental increases every five years serve as a hedge against inflation, enhancing the return on investment (ROI). Olive Garden holds four 5-year renewal options extending to 2054, further affirming the property’s long-term viability. With all property expenses borne by the tenant, operational burdens are minimized, simplifying property management. With its strategic location, strong tenant credit, and favorable lease structures, this property represents a unique opportunity to acquire a highly desirable commercial asset in Mission, TX. The combination of a reliable tenant, a long-term lease with built-in rental escalations, and a vibrant retail environment makes this investment exceptionally appealing, promising stable and attractive returns.

FOR SALE DETAILS

PRICE

$3,368,000 USD

PRICE/SF

$432 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olive Garden| BBB Credit| 10 YR ABS NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

C3

APN/PARCEL ID

N2055-00-000-0002-00

ASK ABOUT THIS PROPERTY

Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

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Donald MacLellanFaris Lee InvestmentsMore Info
949-221-1821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.