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402 Broadway st
Elsa, TX 78543

$1,111,111 USD

General Retail For Sale  •  664 SF

Property Details

  • Property Type General Retail
  • Total Building Size 664 SF
  • Lot Size 0.28 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 6.75 %
  • Tenancy Single
50 Walk Score

Highlights

Brand-New 20-Year Absolute NNN Ground Lease | Zero Landlord Responsibilities
Four (4) 5-Year Renewal Options | Up to 40 Years of Potential Term
10% Rent Increases Every 5 Years | Predictable Income Growth and Inflation Hedge
New 2023 Construction | ±664 SF Scooter’s Coffee Prototype With Drive-Thru Efficiency
Rapidly Growing Brand | 750+ Locations Nationwide | Expansion to 1,000+ Stores Planned
Prime Elsa Location Along N. Broadway Street (FM 88) | ±12,000 Vehicles Per Day

Property Flyers

Cap Rate: 6.75 %

Amenities

  • 24 Hour Access

Public Transportation

AirportDriveWalkDistance
McAllen International 32 min - 21.6 mi
Valley International 46 min - 27.4 mi
Tyler Bindi 408-510-9057 Marcus & Millichap
Tyler Bindi 408-510-9057 Marcus & Millichap