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1622 N 23rd St
McAllen, TX 78501
Valero · Retail Property For Sale
Investment Highlights
- Over 20 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities
- Blended CAP Rate of 8.2% Over Lease Term
- Signalized Hard Corner With Excellent Visibility
- 2% Rent Increases Annually - Next Rent Increase is in February 2020
- High Traffic Retail Corridor – the Intersection of N 23rd and Quince Sees Over 51,900 Vehicles Per Day Combined
- Multiple Points of Ingress/Egress From Quince Avenue and N 23rd Street
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
B
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.27 AC
Zoning
Commercial
Frontage
52’ on 23rd St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
About 1622 N 23RD ST , MCALLEN, TX 78501
In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman - Lic. #644481
Property Taxes
| Parcel Number | S6650-00-000-0000-00 | Improvements Assessment | $77,462 |
| Land Assessment | $115,414 | Total Assessment | $192,876 |
Property Taxes
Parcel Number
S6650-00-000-0000-00
Land Assessment
$115,414
Improvements Assessment
$77,462
Total Assessment
$192,876
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