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402 S Texas Ave
Mercedes, TX 78570
Family Dollar · Retail Property For Sale
Investment Highlights
- Double-Net Lease with 5.1 Years Remaining
- More than 179,503 Residents Within a Ten-Mile Radius
- Four Miles to Rio Grande Valley Premium Outlets (604,000-SF of Retail)
- Tenant has Operated at this Site for 29 Years and Exercised their Latest Option in 2023
- Healthy Rent-to-Sales Ratio
- Ten Miles to the Progreso International Bridge
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,242 SF
Building Class
C
Year Built
1973
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.28 AC
Zoning
c-3
Frontage
75’ on Texas Ave
Property Taxes
| Parcel Number | M3550-00-023-0011-00 | Improvements Assessment | $239,250 |
| Land Assessment | $120,000 | Total Assessment | $359,250 |
Property Taxes
Parcel Number
M3550-00-023-0011-00
Land Assessment
$120,000
Improvements Assessment
$239,250
Total Assessment
$359,250
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