1002 Grant St - Storefront FOR SALE


Laredo, TX 78040
$4,700,000 USD
210-253-6035
1002 Grant St, Laredo, TX for Sale
$4,700,000 USD
Storefront - FOR SALE
1/13
null | 8% Cap Rate

1002 Grant St
Laredo, TX 78040


HIGHLIGHTS

  • Single Tenant, Net-Lease Investment - Minimal landlord responsibilities
  • E-Commerce Resistant Essential Business - Plasma collection can’t take place online and donation centers are classified as an essential business
  • Located in the Heart of Downtown Laredo - A one-minute walk from America’s International Bridge & Across the street from historic San Augustin Plaza
  • Populous Laredo/Nuevo Laredo MSA - This densely populated area is home to 900,000 people
  • Available for Purchase Below Replacement Cost - ABO Plasma has spend over $4.5 million solely on renovation expenses

OVERVIEW

The Property’s location is strategic for a plasma center due to its position equi-distant to the Americas International Bridge (2.1 million pedestrian crossings in 2023 and 2.3 million in 2024) and the Juarez-Lincoln International Bridge (4.8 million vehicular crossings anticipated in 2024). This plasma center is also across the street from San Augustin Plaza, a historic community gathering space in Laredo. Approximately 8%-10% of plasma collected in the US originates from border Plasma Donation Centers similar to this one. This concentration accounts for around $2 billion of the $20 billion US Plasma industry, highlighting the significance of the select plasma centers along the US/Mexico border. ABO Plasma is renovating the building with a $4.5 million dollar investment, dedicating the first floor (12,500 sf) to plasma donations, and the second floor to employee offices, rest areas, and corporate training. Once complete, ABO will sign a new 10- year NNN lease. Laredo, the second largest city on the Texas-Mexico border, boasts a population of 260,000 residents on the US side. Nuevo Laredo is located across the Rio Grande and has a population of 636,000, forming a combined metropolitan area of approximately 900,000 people.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ABO Plasma

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,541 SF

ZONING

-

APN/PARCEL ID

159607

ASK ABOUT THIS PROPERTY

210-253-6035

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210-253-6035

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