3040 E Main St - Storefront FOR SALE


Uvalde, TX 78801
$6,827,000 USD
214-674-8126
3040 E Main St, Uvalde, TX for Sale
$6,827,000 USD
Storefront - FOR SALE
1/5
null | 7.25% Cap Rate

3040 E Main St
Uvalde, TX 78801


HIGHLIGHTS

  • Priced Significantly Below Replacement Cost
  • 100% Occupied with Triple Net Leases
  • Situated Along Major Retail Corridor

OVERVIEW

• Priced Significantly Below Replacement Cost – At a price of $201 PSF, this asset is offered significantly below replacement cost averages of approximately $371 PSF (Source: ProEst) • 100% Occupied with Triple Net Leases – Allows an investor the opportunity to acquire an asset on a passive income structure with limited landlord responsibilities, ease of management, and rental escalations providing for a strong hedge against inflation • The On-Site, Freestanding Applebee’s Ranks in the Top 13% Across All Locations in Texas in Terms of Visitor Counts – Applebee’s has operated at this location for over twenty years and is paying significantly below market rent at $9.61 PSF (Source: Placer.ai) • Shadow Anchored by Walmart Supercenter Boasting Over 2.1 Million Annual Visits – The next closest Walmart is 40 miles away serving an entirely different market and demographic (Source: Placer.ai) • Strategically Located at Signalized Hard Corner Intersection with Excellent Visibility and Access – The site sits along US-90 which is one of the main thoroughfares in Uvalde and boasts over 23,500 VPD (Source: CoStar Analytics) • Texas has NO State Income Tax

FOR SALE DETAILS

PRICE

$6,827,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

-

APN/PARCEL ID

18786

ASK ABOUT THIS PROPERTY

214-674-8126

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214-674-8126

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