911 West Edinburg Avenue
Elsa, TX
Price:
$3,051,000
Cap Rate:
5.00%
NOI:
$152,566
Building Size:
Approx. 2,609 Sq. Ft.
Lot Size:
Approx. 1.37 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2006 / 2020
Investment Overview
- 2006 Construction/2020 Renovation. 2,609+/- SF Building on 1.37+/- Acre Site
- 9+ Years Remaining on Absolute Net Lease with 10% Rental Increases Every 5 Years in Primary Term and 7% In Option Periods
- Main Thoroughfare Location – Edinburg Ave (15,043 VPD) is the Primary Traffic Route in Elsa
- Close Proximity to Major Credit Tenants – H-E-B, McDonalds, Whataburger, CVS, AutoZone, & More
- Elsa is Uniquely Positioned between McAllen & Harlingen, which has Spurred Regional Residential Growth
- 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
- Elsa, TX | McAllen is the largest city in Hidalgo County | Population: 868,707+