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Loan Star Title Loan 921 Hwy 83 1,104 SF Retail Building McAllen, TX 78501 $1,050,600 ($951.63/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 19 Years Remaining | Options To Extend | Scheduled Rental Increases
- Highway 83 (25,600 VPD) | Premier Retail Corridor | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant, Loan Star Title Loans, has approximately 19 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,104 SF
Building Class
B
Year Built
1988
Price
$1,050,600
Price Per SF
$951.63
Cap Rate
6.50%
NOI
$68,289
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.26 AC
Zoning
C-3 - General Business
Frontage
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R3050-01-001-0009-01 | Improvements Assessment | $159,166 |
| Land Assessment | $219,713 | Total Assessment | $378,879 |
PROPERTY TAXES
Parcel Number
R3050-01-001-0009-01
Land Assessment
$219,713
Improvements Assessment
$159,166
Total Assessment
$378,879
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Loan Star Title Loan | 921 Hwy 83
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