Historical Retail Sale Listing - Stripes/Valero near Los Fresnos, Tx

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Stripes/Valero near Los Fresnos, Tx

30984 SH 100, Los Fresnos, TX 78566

N/A

4,912 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
4,912 SF
Property Type:
Retail
Property Sub-type:
Service/Gas Station
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
3%
Cap Rate:
6%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2003
Lot Size:
1.68 AC
Listing ID
16755025
Last Updated
over 1 year ago

Description

FOR SALE 1.677 Acres with 30 year ground lease with Stripes convenience store / Valero gas station, on the main road to South Padre Island. Tenant pays all expenses and has 23 years left on lease plus 3 renewal options of 10 yrs each. Will make a solid, consistent investment and in High traffic area. CAP RATE 6.0%

Located at the SW corner of CR 803 and Hwy 100, just west of Los Fresnos, Tx. Adjacent to Palmdale RV resort.

Map of 30984 SH 100, Los Fresnos, TX 78566 (Cameron County)

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