209 N Westgate Dr | Weslaco, TX 78596
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- LoopNet Team
209 N Westgate Dr
Weslaco, TX 78596
Take 5 Oil Change · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A 2024 built-to-suit construction Take 5 Oil Change with a brand new, 15-year lease
- 10% rental increases every 5-years during the primary term and option periods, providing an investor with a hedge against inflation
- Parent company Driven Brands (NASDAQ: DRVN) is a worldwide auto franchisor with over 5,000 locations and a market cap of $2.4B
- The lease is an absolute NNN ground lease with a corporate guaranty, making this a passive investment opportunity for a hands-off investor
- Take 5 Oil celebrated the opening of its 1,000th location in December 2023, read more here
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,430 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.58 AC
Zoning
CO
PROPERTY TAXES
| Parcel Number | R3755-00-000-0001-00 | Improvements Assessment | $327,831 |
| Land Assessment | $317,977 | Total Assessment | $645,808 |
PROPERTY TAXES
Parcel Number
R3755-00-000-0001-00
Land Assessment
$317,977
Improvements Assessment
$327,831
Total Assessment
$645,808
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