1101 W Expressway 83
McAllen, TX 78503
New Floor & Decor/15 YR NNN/BBStrong Credit · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong national credit & growing tenant (NYSE: FND) | Total revenue: $2.65 b (7/26/2020) | S&P credit rating: BB STRONG
- Long-term 15-year initial term NNN ground lease (land ownership for buyer) with growing (8% every 5 years)income stream
- Only Floor & Decor in the Rio Grande Valley / I-2 FWY Location & Out parcel to the Simon Owned La Plaza Mall
- Stock performance | floor & decor’s stock is nearly 4x higher than the March 2020
- Below replacement costs / $107 PSF
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
65,898 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
3.72 AC
Zoning
C-3 - Per the city of McAllen the location is zoned as C-3 (General Business)
Parking
111 Spaces (1.7 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
