Modern City Shops NNN Mixed Use Strip Center Texas

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Sands Investment Group is Pleased to Present For Sale the 12,900 SF Modern City Shops NNN Mixed Use Strip Center Located on the City’s Primary East-West Freeway With Upside Potential Located in a Densely Populated Area of McAllen, Texas.

• 57% of Gross Leasable Area Are NNN Leases; Upside By Enforcing NNN Language Per the Leases
• Pro Forma CAP Rate (Yr.1) is 8.66%
• Regional and Franchisee Tenancy With the Tenant Base Type Being 77% Medical and 23% Fast Casual Dining; Internet-Resistant Tenancy With Strong Co-Tenancy
• Base Rents Are Below Market Due to the Significant Improvements the Tenants Put Into the Interior of Their Spaces and Equipment
• The Shopping Center is Situated Parallel to Hwy 83 Giving Tenants More Visibility to Drive By Traffic; Coupled With Consumers Exiting Walmart Supercenter Going West on the Highway Must Drive By Modern Shops Before Accessing the West Highway On-Ramp
• Highway 83 (Interstate 2) Sees Traffic Counts Exceeding 129,281 Vehicles Per Day
• Highway 83 Also Runs West Into Harlingen and North Along the Texas Border Into Laredo
• Excellent Demographics With a Population of 90,349 Residents Making an Average Household Income of $61,134 Within a 3-Mile Radius; Population Jumps to Over 189,380 Within a 5-Mile Radius
• Minutes From the Coca-Cola SW Beverage Distribution Warehouse, the McAllen Convention Center, Sharyland HS and Stadium, and the Cimarron Country Club and Golf Course
• McAllen is Located at the Southern Tip of Texas in the Rio Grande Valley and is Just 8-Miles From the Mexico Border; It is Part of the Binational Reynosa-McAllen Metropolitan Area That Has a Population of Nearly 1.52 Million People
• Nearby Tenants Include: Walmart Supercenter, Kohl’s, Target, HEB Plus!, Petco, Home Depot, IHOP, Advance Auto Parts, Chick-fil-A, Starbucks, Best Buy, Buffalo Wild Wings, Chipotle, Hobby Lobby and Much More

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706

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Sands Investment Group is Pleased to Present For Sale the 3,875 SF Convenience Store NN Asset Located in McAllen, Texas. This Deal Includes a Property Remodeled in 2021 With a Brand New 15 Year Lease, Providing For a Secure Investment.

• Property Remodeled in 2021 With a Brand New 15 Year Lease
• Fee Simple Ownership of Convenience Stores Qualifies For Accelerated Depreciation
• Strong Corporate Guarantee – 7-Eleven (S&P Rated AA-) Operates More Than 12,000 Company Owned or Franchised Convenience Stores in North America, Ranking #1 on Entrepreneur Magazine’s “Top 500 Franchises List”
• Replaceable Rent at $20.65/SF
• Situated at a Signalized Corner of Nolana and 10th Street With Dual Access From Both Streets; This Location Sees a Combined Traffic Count of 64,260 VPD
• Texas is an Income Tax Free State
• Excellent Demographics With a Population of 112,651 Residents Making an Average Household Income of $66,425 Within a 3-Mile Radius; Population Jumps to Over 251,937 Within a 5-Mile Radius
• Minutes From the Edinburg Conference Center, Rowe High School, McAllen Public Library, Trenton Crossing Shipping Center and the Cornerstone Regional Hospital
• McAllen is Located at the Southern Tip of Texas in the Rio Grande Valley and is Just 12-Miles From the Mexico Border; It is Part of the Binational Reynosa-McAllen Metropolitan Area That Has a Population of Nearly 1.52 Million
• Nearby Tenants Include: Walmart Supercenter, Target, Dollar Tree, AutoZone, Goodwill, Planet Fitness, Dairy Queen, IHOP, Office Depot, Barnes & Noble, Starbucks, HEB, Bert Ogden McAllen BMW, Wells Fargo and More

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706 – Broker of Record: Max Freedman TX Lic. # 644481

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Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

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Sands Investment Group is pleased to present this Absolute NNN Lease investment opportunity located in McAllen, Texas.

• Long Term Absolute Triple Net (NNN) Lease – No Landlord Responsibilities
• Recently Extended Lease – Over 10 Years Remaining
• Tenant Spent Over $300,000 in Interior and Exterior Remodels (The Star Initiative Design Package) Showing Long Term Commitment to the Site
• Corporate Guarantee from Cajun Operating Company, Inc. Providing Stability and Security to the Investor
• 5% Rent Increase in January 2024 with 6% Rent Increases at Each 4 x 5 Year Options to Renew
• McAllen is the Largest City in Hidalgo County, Texas and is the Fifth Most Populous Metropolitan Area in the State of Texas
• As of 2017, McAllen’s Population was Estimated to be Over 143,000 Residents
• Strong Location Off of E Expressway 83 with Traffic Counts Exceeding 31,100 VPD
• Neighboring Tenants Include: Walmart, Burger King, McDonald’s, AutoZone And Many More

In Cooperation with Sands Investment Group Austin, LLC BoR: Max Freedman- Lic # 9004706

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Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities

 

• Brand New 20 Year Absolute NNN Lease – Zero Landlord Responsibilities
• 2% Annual Rent Increases
• Four (4) x 5-Year Options to Renew
• Blended CAP Rate of 6.86% Over Lease Term
• Guarantor Supplied Over 130 Million Gallons of Fuel to Over 300 Locations During the 12-Month Period Ended June 30, 2017
• Guarantor Generated Over $13 Million in EBITDA in 2016
• Guarantor Spending Over $250,000 in Capex at Site Rebranding to Chevron
• Operator Operates 70 Circle K’s in 4 States
• 15 Year Accelerated Depreciation
• Income Tax Free State
• Hard Corner with Strong Traffic Counts – Over 162,000 VPD
• Strong Demographics – Population of 222,000+ Within 5-Miles
• Select Neighboring National Tenants Include: Starbucks, 7-Eleven, IHOP, Big Lots, Stripes and La Plaza Mall

In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706