This Retail Property is Off-Market.

30984 SH 100
Los Fresnos, TX 78566 ·

4,912 SF · Retail For Sale

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Stripes/Valero near Los Fresnos, Tx

Price N/A Occupancy 100%
Building Size 4,912 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Service/Gas Station Property on Ground Lease? Yes
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2003
Commission Split 3% Lot Size 1.68 AC
Cap Rate 6%
Listing ID: 16755025 Date Created: 07/12/2010 Last Updated: 06/25/2011

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.

Research

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

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