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1400 W Griffin Pky 3,850 SF 100% Leased Retail Building Mission, TX 78572 $775,000 ($201.30/SF) 6.72% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully Rented
- Good Traffic Count on Griffin Pkwy
- Steady Cash Flow
EXECUTIVE SUMMARY
Fantastic Investment property now available For Sale in Mission TX! Located at the busy corner of W Griffin Parkway and Los Ebanos, this 5 unit commercial property is fully rented producing steady cash flow! Three of the units are leased to a thriving medical clinic, giving you a dependable long-term anchor tenant. Another unit is home to a popular nail salon, and the last is occupied by a busy vape shop with steady foot traffic. The corner lot gives ease of accessibility and visibility, things that tenants look for in a great location. Whether you're looking to add to your portfolio or just want a solid investment in a fast-growing market, this property checks the boxes for income, location, and long-term upside. Currently these 3 tenants bring in a gross monthly income of $6037.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,850 SF
Building Class
B
Year Built
2019
Price
$775,000
Price Per SF
$201.30
Cap Rate
6.72%
NOI
$52,067
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.53 AC
Zoning
C3 - C-3 is a "General Business District"
Parking
24 Spaces (6.23 Spaces per 1,000 SF Leased)
Frontage
40’ on GRIFFIN PKWY
AMENITIES
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C4450-00-00A-0001-00 | Total Assessment | $497,619 (2025) |
| Land Assessment | $162,207 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $335,412 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
C4450-00-00A-0001-00
Land Assessment
$162,207 (2025)
Improvements Assessment
$335,412 (2025)
Total Assessment
$497,619 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1400 W Griffin Pky
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