655 S Bibb Ave - Retail FOR SALE


Eagle Pass, TX 78852
$1,914,000 USD
214-960-2835
655 S Bibb Ave, Eagle Pass, TX for Sale
$1,914,000 USD
Retail - FOR SALE
1/8
null | 6.4% Cap Rate

655 S Bibb Ave
Eagle Pass, TX 78852


HIGHLIGHTS

  • 10-Year Absolute NNN Single-Tenant Drive-Thru Asset in the Emerging South Texas Submarket of Eagle Pass, TX
  • Primary Lease Term Through March 2034; 10% Escalations Every 5 Years Including Each of the Four, 5-Year Renewal Options
  • Positioned 0.7 miles from San Luis Elementary School, of Eagle Pass Independent School District which has 14,000+ Students Enrolled

OVERVIEW

HTeaO is an absolute-NNN, single-tenant drive-thru asset located in the emerging South Texas submarket of Eagle Pass. The Tenant has a recent 10-year lease through March 2034, personally guaranteed. Built in 2024, HTeaO is a 2,500 square feet asset with a drive-thru, providing long-term residual value. The lease offers passive ownership with zero landlord responsibilities and 10% rent escalations every 5 years, including each of the four 5-year renewal options. The Property benefits from strong access and visibility, situated on +/- 1.09 acres along South Bibb Avenue, which feeds into key transportation corridors, U.S. Highway 277 and U.S. Highway 57. Neighboring national credit retailers include Walmart Super Center, Lowe’s Home Improvement, Ross Dress for Less, Chick-fil-A, and Dollar General amongst others.

FOR SALE DETAILS

PRICE

$1,914,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

9003990

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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