3839 East Expressway 83
Mercedes, TX
Price:
$2,579,500
Cap Rate:
5.35%
NOI:
$138,000
Building Size:
Approx. 2,225 Sq. Ft.
Lot Size:
Approx. 1 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2023 Construction. 2,225+/- SF Building on 1.0+/- Acre Site
- Brand New 10 Year Corporate Net Lease w/ 10% Rental Increases in Both Primary Term and Options
- Excellent Location Along E Expressway 83 (54K VPD), Which is the Main Thoroughfare Through the City
- Located 0.5 Miles from the Rio Grande Valley Premium Outlets (578K Sq Ft Mall)
- Near Laredo Taco, Whataburger, Chili’s, Chick-fil-A, Wendy’s, & More
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
- Mercedes | Part of the McAllen-Edinburg-Mission MSA | Metro Population: 800,000+