814 S Closner Blvd
Edinburg, TX
Price:
$5,123,000
Cap Rate:
5.00%
NOI:
$256,130
Building Size:
Approx. 4,730 Sq. Ft.
Lot Size:
Approx. 1.088 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 4,730+/- SF Building on 1.088+/- 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 S Closner Blvd (8K VPD) & E Sprague Street (4.2K VPD)
- Close Proximity to the University of Texas Rio Grande Valley w/ Over 32,000 Students
- Dominant Demographics w/ a Population of Over 68K Residents within a 3 Mile Radius of the Site
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Edinburg | North of McAllen | Population: 102,000+
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