2933 Expressway 83, Mission, TX 78572
2,325 SF | Retail Building | Mission, TX 78572 | $2,566,372 ($1,104/SF) | 5.65% Cap Rate
For Sale
Active
Asking Price $2,566,372
- Property Type
-
Retail
- Square Feet
- 2,325 SF
- Price / Square Foot
- $1,104
Listing Contacts
Property Overview
Top performing location – contact agent for details.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 46,609 SF
Highlights
- Wendy’s opened in July 2023, and the 20-year Absolute NNN Lease commenced in August, allowing investors to capitalize on nearly the entire lease term
- Top performing location – contact agent for details.
- Wendy’s reaches a potential customer base of more than 130,000 people living within a 5-mile radius, as the closest Wendy’s is located 6.5 miles away.
- Located on a hard corner at the signalized intersection of Interstate 2 and La Homa Road, the Property has direct access and exposure to 106,000 VPD.
- Strong operator with rapidly expanding portfolio.
- Contractual rent increases of 10% every five years during the initial term, as well as in each of the (4) 5-year options.
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