4424 N 10th St | McAllen, TX 78504
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- LoopNet Team
4424 N 10th St
McAllen, TX 78504
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease (NNN) | Zero Landlord Responsibility
- 6.5 Years Remaining on Original 15 Year Lease | 10% Increase Every 5 Years in Initial Term
- Subject Property is Located Approximately 3 Miles from Cornerstone Regional Hospital & 4 Miles from Edinburg Regional Hospital
- Investment Property was Previously Franchisee Operated Until Corporate Took Over in 2015
- Three (3), Five Year Renewal Options | 5% Increase in Option 1 | 10% Increases in Option 2 & 3
- McAllen International Airport is Approximately 5 Miles from the Subject Property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,026 SF
Building Class
C
Year Built
2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.62 AC
Zoning
CO
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
194’ on 10Th St
PROPERTY TAXES
| Parcel Number | M2330-02-000-0004-00 | Improvements Assessment | $702,718 |
| Land Assessment | $1,270,669 | Total Assessment | $1,973,387 |
PROPERTY TAXES
Parcel Number
M2330-02-000-0004-00
Land Assessment
$1,270,669
Improvements Assessment
$702,718
Total Assessment
$1,973,387
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