Starbucks Mercedes, TX

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+

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