1901 3 Mile Line Rd
Mission, TX
Price:
$6,105,000
Cap Rate:
4.50%
NOI:
$274,719
Building Size:
Approx. 5250 Sq. Ft.
Lot Size:
Approx. 1.206 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2004
Investment Overview
- 2004 Construction. 5,250+/- SF Building on 1.206+/- Acre Site
- New 15 Yr Corp Absolute NNN Lease w/ 7.5% Rent Increases
- Ideal 1031 Replacement Property Qualifying for Bonus Depreciation
- Excellent Hard Corner Location at Signalized Intersection (33K VPD)
- Near Walmart, Walgreens, H-E-B, Whataburger, Dollar General, Goodwill
- McAllen-Edinburg-Mission MSA is the Retail Center For South Texas
- Mission | Known as “Home of the Grapefruit” | Population: 83,000+