1411 W Expressway 83 - Restaurant FOR SALE


Weslaco, TX 78596- Donna/Weslaco/Mercedes
$5,095,754 USD
332-345-4222
1411 W Expressway 83, Weslaco, TX for Sale
$5,095,754 USD
Restaurant - FOR SALE
1/2
null | Request Cap Rate

1411 W Expressway 83
Weslaco, TX 78596
Donna/Weslaco/Mercedes


HIGHLIGHTS

  • Strategic Highway Frontage and Population Growth
  • Corporate Guarantee
  • Retail-Dominant Trade Corridor
  • Attractive Price Per Square Foot

OVERVIEW

Surmount is pleased to present the exclusive listing for an Ojos Locos located at 1411 W Expy 83, Weslaco, TX 78596. The site consists of roughly 6,590 rentable square feet of building space on an estimated 2.37-acre parcel of land. This Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which commenced 4/6/2023. The current annual rent is $331,224 and has scheduled increases of 2.00% annually starting year 7.

FOR SALE DETAILS

PRICE

$5,095,754 USD

PRICE/SF

$804 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ojos Locos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

148

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

103,903 SF

ZONING

-

APN/PARCEL ID

H1060-00-000-0002-00

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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