1110 S 10th St | McAllen, TX 78501
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1110 S 10th St
McAllen, TX 78501
Denny’s | Texas | $3.75M | Rental Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE LEASE GUARANTEE - Income guaranteed by Denny's with approximately 1,600 locations in the United States and in 14 countries.
- ABSOLUTE NET LEASE This is an absolute net lease with no landlord responsibilities.
- NEAR MCALLEN INTERNATIONAL AIRPORT - McAllen Intl Airport sits on 370 acres & located 1 mi S of the subject with 2.4M passengers a year.
- TWO (5-YR) OPTIONS W INCREASES IN EACH OPTION - 5% increases in each option. The remaining term on this lease is ±3.5 yrs with two (5-yr) options.
- ALONG I-2 (±118,761 VPD) & RETAIL AREA - Located 1 block N of I-2 with daily traffic counts of ±118,761 vpd and surrounded by 4.3M SF of retail space.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,587 SF
Building Class
B
Year Built
1975
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.82 AC
Zoning
WCB
Parking
50 Spaces (8.95 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | L1800-00-000-000A-00 | Improvements Assessment | $500,022 |
| Land Assessment | $598,862 | Total Assessment | $1,098,884 |
PROPERTY TAXES
Parcel Number
L1800-00-000-000A-00
Land Assessment
$598,862
Improvements Assessment
$500,022
Total Assessment
$1,098,884
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