7900 N 23rd St - Freestanding FOR SALE


McAllen, TX 78504- Downtown McAllen
$1,137,000 USD
954-703-3602
7900 N 23rd St, McAllen, TX for Sale
$1,137,000 USD
Freestanding - FOR SALE
1/6
null | 7.15% Cap Rate

7900 N 23rd St
McAllen, TX 78504
Downtown McAllen


HIGHLIGHTS

  • 5+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Placer AI
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Trenton Crossing Shopping Center | Nearby Schools
  • Dollar General Corporation Reports Q2 2024 Results
  • Local Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• Dollar General has 5+ years remaining on their current lease with 3 (5-year) options to extend • The lease features 10% rental increases at the beginning of each option • The market rent in the area is $20 Sq/ft vs the property rent $10.01 Sq/ft • The site is a Top 3% Dollar General (Placer.AI) • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,345 location as of August 2024

FOR SALE DETAILS

PRICE

$1,137,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - McAllen TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,894 SF

ZONING

C-3

APN/PARCEL ID

W3951-00-000-0001-00

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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