10718 International Boulevard
Laredo, TX
Price:
$1,381,000
Cap Rate:
5.25%
NOI:
$72,500
Building Size:
Approx. 1,492 Sq. Ft.
Lot Size:
Approx. 0.63 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2023
Investment Overview
- 2023 Construction. 1,492+/- SF Building on 0.63+/- Acre Site
- 15-Year Corporate Absolute NNN Lease w/ 10% Rental Bump Every 5 Years, Plus (4) 5-Year Options to Renew
- Located Near the Corner of International Blvd (18,300 VPD) & Bob Bullock Loop (49,500 VPD)
- Subject Property is Directly Across from Walmart & Next to Several Retailers Including AutoZone, Chase Bank, 7-Eleven, H-E-B, and More
- In an Affluent Trade Area w/ 1-Mile Average HH Income Over $142,000. Only 3.8 Miles from Texas A&M International University.
- Take 5 has over 760 Locations & Over $3B in Revenue – Awarded the #1 Spot for Customer Satisfaction for Quick Oil Changes
- Laredo | Largest Inland Port on the U.S.-Mexico Border | Sees $833 Million of Trade Daily Move Through the City