1610 F St, Harlingen, TX 78550
4,842 SF | Retail Building | Harlingen, TX 78550 | $5,964,900 ($1,232/SF) | 5% Cap Rate
For Sale
Active
Asking Price $5,964,900
- Property Type
-
Retail
- Square Feet
- 4,842 SF
- Price / Square Foot
- $1,232
Listing Contacts
Zack House
Mark Ruble
Property Overview
The subject property is a single tenant 7-Eleven (dba Stripes) convenience store located in Harlingen, Texas.
Stripes Convenience Stores ("Stripes") operates predominantly in Texas and Louisiana. Food offerings are available in more than 450 of its stores, primarily under the proprietary Laredo Taco Company brand.
Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico.
Stripes Convenience Stores ("Stripes") operates predominantly in Texas and Louisiana. Food offerings are available in more than 450 of its stores, primarily under the proprietary Laredo Taco Company brand.
Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Freestanding, Service
- Lot Size (sq. ft)
- 114,998 SF
Highlights
- Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
- 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
- New High-Quality 2023 Construction on Large 2.64-Acre Lot with 8 Fueling Stations
- Optimization of Successful Smaller Store Nearby
- Property Qualifies for 100% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
- 99,618 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 4% in the Surrounding Area by 2028
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