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301 N Alton Blvd 6,783 SF 100% Leased Retail Building Alton, TX 78573 $2,280,000 ($336.13/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location in Alton's Retail Corridor: Situated along Alton Blvd (SH-107), one of the main commercial thoroughfares with strong daily traffic
- Retail Synergy & Proximity: Located near national retailers such as Dollar General, AutoZone, McDonalds's CVS, and others
- Dense Surrounding Demographics: The property serves a growing population with a strong Hispanic demographic.
- Growing Regional Economy: Alton and the surrounding Rio Grande Valley are seeing continued commercial and residential development.
EXECUTIVE SUMMARY
Minimal Landlord Responsibilities, all Tenants reimburse for NNN expenses, Shadow anchored for the 2nd most visited Junior's Supermarket, Surrounded by National Retailers as McDonald's, KFC, AutoZone, CVS, O'Reilly Auto Parts, Dollar Tree. Excellent Visibility and Access.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,783 SF
Year Built
2016
Price
$2,280,000
Price Per SF
$336.13
Cap Rate
7%
NOI
$159,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.69 AC
Zoning
C3 - Commercial retail
Parking
53 Spaces (7.81 Spaces per 1,000 SF Leased)
Frontage
175’ on Alton Blvd
AMENITIES
- Corner Lot
- Pylon Sign
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Antojitos Mexicanos
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Barri Financial
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Fred Loya Insurance
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Pappa’s Pizza
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Total by Verizon
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Antojitos Mexicanos | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Barri Financial | - | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fred Loya Insurance | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Pappa’s Pizza | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Total by Verizon | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | J9510-00-003-0003-00 | Improvements Assessment | $772,590 |
| Land Assessment | $525,000 | Total Assessment | $1,297,590 |
PROPERTY TAXES
Parcel Number
J9510-00-003-0003-00
Land Assessment
$525,000
Improvements Assessment
$772,590
Total Assessment
$1,297,590
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301 N Alton Blvd
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