447 East Frontage Road
Alamo, TX
Price:
$7,681,000
Cap Rate:
5.25%
NOI:
$403,251
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 2.644 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2022 Construction. 4,650+/- SF Building on 2.644+/- Acre Site
- New 15-Year Absolute NNN Corporate Lease with 7.5% Rental Increases Every 5 Years
- Large Format 7-Eleven Travel Center – New Store Includes a Laredo Taco, 50 ft LED Illuminated Pylon Sign With 224 SF of Surface Area, 8 MPDs, 3 High Speed Diesel Lanes, 38 Parking Spaces, and 7 Semi-truck Parking Spaces.
- Located at the Southeast Corner of E Expy 83 & Tower Rd (112,000+ VPD | 7,800+ Trucks / Day)
- Less than 1.5 Miles East of Mercadome Flea Market, the Largest Flea Market in the Rio Grande Valley
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Alamo | Located in the Rio Grande Valley | RGV Population: 1.4M+