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1301 E US Highway 83
McAllen, TX 78501
Elstar Dental · Office Property For Sale
Investment Highlights
- New 10+ year net lease to Elstar Dental with a corporate guaranty
- Tenant signed a new lease and recently spent capex on the property, committing to this location long term
- New Mountain Capital has $25 billion+ aggregate assets under management
- 10% rental increases every five years in option periods, providing a passive long-term income generator
- Lease guarantor is New Benevis Smiles (the dental platform of New Mountain Capital with 112+ dental practices in the U.S.)
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
7,500 SF
Building Class
B
Year Built/Renovated
2000/2024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,500 SF
Building FAR
0.16
Lot Size
1.09 AC
Zoning
F1
Parking
50 Spaces (6.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | J2003-02-000-0005-00 | Improvements Assessment | $664,432 |
| Land Assessment | $476,750 | Total Assessment | $1,141,182 |
Property Taxes
Parcel Number
J2003-02-000-0005-00
Land Assessment
$476,750
Improvements Assessment
$664,432
Total Assessment
$1,141,182
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