1709 W University Dr
Edinburg, TX
Price:
$917,000
Cap Rate:
6.00%
NOI:
$55,000
Building Size:
Approx. 1,638 Sq. Ft.
Lot Size:
Approx. 0.378 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2022
Investment Overview
- 2022 Construction. 1,638+/- SF Building. 0.378+/- Acre Site
- 10-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years, and (4) 5-Year Options to Renew
- Subject Property is located on University Dr (31,590+ VPD), a Major East-West Thoroughfare in Edinburg
- Strategically Located Right Next to The University of Texas Rio Grande Valley – 35,810 Students & ~3,000 Staff Members
- Located Across from Walmart Supercenter & Near Planet Fitness, Whataburger, Lowe’s, Chick-fil-A, 7 Brew Coffee, & More
- Smoothie King is a Leading National Health-QSR Brand with 1,246 U.S. Locations & $728M System-Wide Sales
- Edinburg | Part of Growing McAllen–Edinburg–Mission MSA | Population: 108,733+