$1,519,990 USD
646-921-9713
2800 N 10th St
McAllen, TX 78501
Downtown McAllen
HIGHLIGHTS
- Top-Rated Tenant: 7-ELEVEN (STRIPES) | Corporate-guaranteed lease (7-Eleven, Inc.) with investment-grade credit (S&P: A)
- Iconic Brand: Stripes Convenience Stores is owned by 7-Eleven, Inc., the world’s largest convenience store chain with over 83,000 locations.
- High Traffic: Situated at the high-traffic intersection of N 10th St (+25,778) and Greenville Hwy (+4,627 VPD).
- Absolute NNN Lease: Absolute NNN lease offering a passive and reliable stream of income.
- Hedge Against Inflation: Includes 10% rental increases in the three 5-year options to renew.
- Lower Rent/Price Point: This site has a long time term operational history and is paying much lower rent than longer term new construction sites.
FOR SALE DETAILS
PRICE
$1,519,990 USD
PRICE/SF
$237 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Stripes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
CO
APN/PARCEL ID
H2550-00-010-0013-03
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646-921-9713
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646-921-9713
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