West Expressway 83 & North Tower Road
Alamo, TX
Price:
$8,065,050
Cap Rate:
5.00%
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:
2022
Investment Overview
- 2022 Construction. 4,650+/- SF Building on 2.644+/- Acre Site
- Brand New 15 Year Corporate Abs. NNN Lease w/ 7.5% Rental Increases Every 5 Years
- Hard Corner Location at the Signalized Intersection of E Expy 83 & Tower Rd (112K Combined VPD, 7.8 K Trucks Per Day)
- Large Format 7-Eleven w/ a Laredo Taco, 50 ft LED Pylon Sign, 38 Parking Spaces, 3 High Speed Diesel Lanes, and 8 MPDs
- Located 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
- Rio Grande Valley | One of the Fastest Growing Regions in the US | Population: 1,402,000+