209 N Westgate Dr
Weslaco, TX
Price:
$1,111,111
Cap Rate:
5.85%
NOI:
$65,000
Building Size:
Approx. 1,430 Sq. Ft.
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2023
Investment Overview
- 2023 Construction. 1,430+/- SF Building on 0.58+/- Acre Site
- Brand New 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years, Plus (4), 5-Year Options to Renew
- Superb Traffic Counts & Visibility on Westgate Dr & BUS 83 (45,500+ Combined VPD), Just off Interstate 2 (24,500+ VPD)
- Directly Across the Street from Extremely High Performing H-E-B
- Exceptional Demographics – The Avg. HH Income in the 1-, 3-, and 5-mile Radius is All Over $160,000
- Take 5 has 1,000+ Locations & $1.5B in Revenue and has been Awarded the #1 Spot in Customer Satisfaction for Aftermarket Quick Oil Changes Two Years in a Row
- Weslaco | The McAllen-Edinburg-Mission MSA is the 5th Largest in Texas | Weslaco Population: 43,864+