4461 83 Expy, Harlingen, TX 78550
16,100 SF | Retail Building | Harlingen, TX 78550 | $5,404,913 ($336/SF) | 6.35% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 27 days
Asking Price $5,404,913
- Property Type
-
Retail
- Square Feet
- 16,100 SF
- Price / Square Foot
- $336
Listing Contacts
Alvin Mansour
Jon Talia
Property Overview
Brand New 2024 Construction | Along Interstate-2 | Near Numerous Auto Dealerships and Auto Service Centers | Densely Populated Area | Qualifies for Accelerated Depreciation | Recession Resistant Concept
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related, Storefront, Service
- Lot Size (sq. ft)
- 84,506 SF
Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2024 Construction. Caliber Collision is the Nation’s Largest Collision Repair provider - 1,700 Convenient Locations in 40 States.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- In Close Proximity to Numerous Auto Dealerships and Auto Service Centers including Toyota, Hyundai, Chrysler, Kia, Chevrolet, Nissan and many more.
- Located in the Heart of the The Rio Grande Valley, One of the Fastest Growing Regions in the U.S. Annual Retail Sales exceed $5 billion.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
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