NEW 7-ELEVEN W/ GAS | TOP 12% NATIONWIDE
4,650 SF | 100% Leased | Retail Building | McAllen, TX 78503 | $5,623,588 ($1,209/SF) | 5.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,623,588
- Property Type
-
Retail
- Square Feet
- 4,650 SF
- Price / Square Foot
- $1,209
Listing Contacts
Alvin Mansour
Verified Profile
David Kern
Verified Profile
- Property Info
Property Overview
7-Eleven w/ Gas Station | Long Term Absolute Net Lease | Qualifies for Accelerated Depreciation | Strong Performing Location - Top 12% in the Chain per Placer.ai: | Brand New Construction | Signalized Hard Corner | Interstate-2 | Densely Populated & Affluent Area | Near 441-Bed Medical Center, McAllen International Airport and La Plaza Mall - the Largest Mall in South Texas
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Service, Storefront
- Lot Size (sq. ft)
- 77,972 SF
Highlights
- Long Term Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years and at Each Option.
- Brand New 2023 Construction Featuring a Gas Station and Laredo Taco. Strong Performing Location per Placer.ai: Top 12% in the Chain.
- Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner.
- Densely Populated Affluent Area: Features an Average Household Income of $90k+ w/in a 1-Mile Radius and 216k+ People Residing w/in a 5-Mile Radius.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A”.
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