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2212 Santa Ursula Ave 2,788 SF 100% Leased Retail Building Laredo, TX 78040 $1,400,000 ($502.15/SF) 2.25% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visiblity
- Potential for additional improvements
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$69,600
|
$24.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,600
|
$24.96
|
| Taxes |
$28,910
|
$10.37
|
| Operating Expenses |
$9,242
|
$3.31
|
| Total Expenses |
$38,152
|
$13.68
|
| Net Operating Income |
$31,448
|
$11.28
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $24.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $24.96 |
| Taxes | |
|---|---|
| Annual | $28,910 |
| Annual Per SF | $10.37 |
| Operating Expenses | |
|---|---|
| Annual | $9,242 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $38,152 |
| Annual Per SF | $13.68 |
| Net Operating Income | |
|---|---|
| Annual | $31,448 |
| Annual Per SF | $11.28 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Information
- -
- -
- -
Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.
- Good Luck Business
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Information | - | - | - | ||
| Good Luck Business | Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 163138 | Total Assessment | $1,070,760 |
| Land Assessment | $739,845 | Annual Taxes | $28,910 ($10.37/SF) |
| Improvements Assessment | $330,915 | Tax Year | 2025 |
PROPERTY TAXES
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2212 Santa Ursula Ave
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