7-Eleven

1020 S 23rd St, McAllen, TX
Deal Type:
Net Lease
Price:
$1,733,333
Cap Rate:
5.25%
Current Rent:
$91,000
Lease Type:
Triple Net
Lease Term:
12 years
Landlord Responsibilities:
None
Renewal Options:
3, Five year
Building Sq. Ft.:
2,240 SF
Rent Increases:
See rent schedule in OM
Site Size:
.19 Acres

Investment Highlights

  • New 12 Year Lease: 12 year absolute NNN lease to an investment grade tenant in 7-Eleven, Inc. (S&P:A).
  • Thriving Retail Market: National tenants in the area include Walmart Supercenter, Target, Costco Wholesale, The Home Depot, H-E-B Plus, and Petco.
  • Retail Corridor: Located nearby to Palms Crossing Shopping Mall, a 389,000 sf lifestyle center, home to more than 40 popular retail including anchor tenants such as Ross Dress for Less, Dave and Buster’s, and Hobby Lobby.
  • Well Positioned: Situated along highly trafficked N 23rd St, seeing more than 23,000 VPD.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Broker of Record: Kyler Bean, Lic. #646910

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