1918 Veterans Boulevard
Del Rio, TX
Price:
$2,477,064
Cap Rate:
5.45%
NOI:
$135,000
Building Size:
Approx. 7,926 Sq. Ft.
Lot Size:
Approx. 2.1 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 7,926+/- SF Building on 2.1+/- Acre Site
- 15-Year Ground Lease w/ 10% Rental Increases Every 5 Years in the Primary Term and Options
- Excellent Location Along Veterans Boulevard (U.S. Highways 90, 277 & 377) (29,000 VPD)
- Expanded Binational Trade Area of 235,000+ Residents Driven by Cross-Border Traffic from Ciudad Acuña
- 5-Mile Trade Area Includes 41,000+ Residents and 14,000+ Employees with Avg. HH Income of $74,630
- Texas Roadhouse Generates $8MM+ Average Unit Volumes with Strong Same-Store Sales Growth
- Del Rio | Binational Trade Hub Supporting 235,000+ Residents | Population: 34,465