Penitas, TX
Price:
$7,839,000
Cap Rate:
5.00%
NOI:
$391,941
Building Size:
Approx. 4,853 Sq. Ft.
Lot Size:
Approx. 1.04 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2026
Investment Overview
- 2026 Construction. 4,853+/- SF Building On 1.04+/- Acre Site
- Rent Commencement: May 27, 2026 (Estimated); 15-Yr Abs. NNN Lease with 10% Rent Increases Every 5 Yrs in both Primary Term & Option Periods
- Prime Location within Liberty Corners Retail Center with Direct Frontage on US-83; Shadow-Anchored by Walmart & Home Depot
- Adjacent to the Future Penitas Crossing, 58 AC Retail Center – Burlington, Ross, Marshalls, Five Below, LongHorn Steakhouse, and Olive Garden
- Penitas, TX – Rapidly Transforming into a Regional Retail Destination Fueled by Millions in Investment from Major National Retailers & More
- 7-Eleven Is The World’s Largest Convenience Store Chain With 85,000+ Locations Worldwide (S&P Rated A)
- Penitas, TX | McAllen-Edinburg-Mission MSA is Emerging as a Powerhouse in Cross-Border Commerce, Etc. | MSA Population: 921,549+