1403 E Interstate 2 - Restaurant FOR SALE


San Juan, TX 78589
$2,636,400 USD
404-441-3849
1403 E Interstate 2, San Juan, TX for Sale
$2,636,400 USD
Restaurant - FOR SALE
1/9
null | 5.5% Cap Rate

1403 E Interstate 2
San Juan, TX 78589


HIGHLIGHTS

  • Absolute NNN Ground Lease with Renewal Options
  • Top-Visited Location | 120,300 Visitors Across 282,400 Visits Over the Past 12 Months (Placer.ai) | 101.1% YoY Growth Rate
  • 6 Miles East of Downtown McAllen | Along East Interstate Highway 2 (102,481 VPD)
  • Dynamic Demographics | Population of 82,639 & Average Household Income of $66,271 Within 3-Miles
  • Adjacent to Chili’s Grill & Bar, Starbucks and an upcoming 100-room Home2 Suites and is within feet of Walmart Supercenter.
  • McAllen-Edinburg-Mission, TX MSA Advantage | MSA Population of 910,138

OVERVIEW

The CBRE Net Lease Property Group is pleased to exclusively offer for sale an ±8.5-year NNN Olive Garden ground lease situated on 1.73 acres in San Juan, Texas—part of the McAllen-Edinburg-Mission, TX MSA (MSA Population: 910,138). Olive Garden’s 7,818-square-foot building was recently constructed in 2023, and its lease features a 10% rent increase in 2028 and in each of the four 5-year renewal options. Rio Grande Valley is one of Olive Garden’s most profitable markets in the country. This San Juan location has welcomed 120,300 visitors across 282,400 visits over the past 12 months, with a growth rate of 101.1% YoY, according to Placer.ai.

FOR SALE DETAILS

PRICE

$2,636,400 USD

PRICE/SF

$337 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Olive Garden

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

EC

APN/PARCEL ID

P7544-00-000-0002-00

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.