1020 S 23rd St - Convenience Store FOR SALE
McAllen, TX 78501 |
$1,400,000 USD
512-712-3657
1020 S 23rd St
McAllen, TX 78501
HIGHLIGHTS
- 7-ELEVEN (STRIPES) | Corporate-guaranteed lease (7-Eleven, Inc.) with investment-grade credit (S&P: A) | Long 47 year C-store operating history at l
- Recent extension with 11.7 years remaining on the lease term
- Location | Low rent location ($91,000 per year) | Strong Placer.ai performance | Densely populated area with tremendous growth in the Rio Grande Val
FOR SALE DETAILS
PRICE
$1,400,000 USD
PRICE/SF
$625 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven | McAllen, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.19 AC
LAND SF
8,276 SF
ZONING
UAB
APN/PARCEL ID
137193
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512-712-3657
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512-712-3657
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