921 Hwy 83 - Service Station FOR SALE


McAllen, TX 78501- Downtown McAllen
$1,050,600 USD
949-903-8099
921 Hwy 83, McAllen, TX for Sale
$1,050,600 USD
Service Station - FOR SALE
1/4
null | 6.5% Cap Rate

921 Hwy 83
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • 19 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Highway 83 (25,600 VPD) | Premier Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Loan Star Title Loans, has approximately 19 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site • The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,050,600 USD

PRICE/SF

$998 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loan Star Title Loan

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-3

APN/PARCEL ID

R3050-01-001-0009-01

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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