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N 23rd & E Expressway 83 st
Penitas, TX 78576
Retail Property For Sale
Investment Highlights
- Rent Commencement: May 27, 2026 (Estimated); 15-Yr Abs. NNN Lease with 10% Rent Increases Every 5 Yrs in both Primary Term & Option Periods
- Adjacent to the Future Penitas Crossing, 58 AC Retail Center – Burlington, Ross, Marshalls, Five Below, LongHorn Steakhouse, and Olive Garden
- Prime Location within Liberty Corners Retail Center with Direct Frontage on US-83; Shadow-Anchored by Walmart & Home Depot
- Penitas, TX – Rapidly Transforming into a Regional Retail Destination Fueled by Millions in Investment from Major National Retailers & More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,853 SF
Building Class
B
Year Built
2026
Price
$7,839,000
Price Per SF
$1,615.29
Cap Rate
5%
NOI
$391,941
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.04 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Number | H4250-01-000-0233-00 | Improvements Assessment | $0 |
| Land Assessment | $3,687 | Total Assessment | $3,687 |
Property Taxes
Parcel Number
H4250-01-000-0233-00
Land Assessment
$3,687
Improvements Assessment
$0
Total Assessment
$3,687
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