3218 US-83 | Weslaco, TX 78596
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- LoopNet Team
3218 US-83
Weslaco, TX 78596
Church's Chicken - Corp Abs NNN Lease | 8.00% · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Corporate Guaranteed - 12% Increases Every 5 Years (7.00% Cap Rate in April 2021)
- Major Thoroughfare - E Business 83 & International Blvd (35,000 VPD)
- Economic Center of Hidalgo County - $600M+ Annual Consumer Spending (5-Mile Radius)
- Corporate Tenant Remodel - Newest Prototype Design (STAR)
- Passive Investment - 6 Years of Initial Term Remaining ($745K in Rental Payments)
- 5-Mile Population: 105,000 (7% Growth Rate)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built/Renovated
1994/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.52 AC
Zoning
CO
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | M1730-00-000-0002-00 | Improvements Assessment | $1,173,306 |
| Land Assessment | $412,047 | Total Assessment | $1,585,353 |
PROPERTY TAXES
Parcel Number
M1730-00-000-0002-00
Land Assessment
$412,047
Improvements Assessment
$1,173,306
Total Assessment
$1,585,353
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