List Search

911 W Edinburg Ave
Elsa, TX 78543

$2,275,000

Convenience Store For Sale  •  2,609 Sq Ft

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,609 Sq Ft
  • Lot Size 1.14 ac
  • Building Class A
  • Year Built 2006
  • Cap Rate 6.01 %
  • Tenancy Single
  • Zoning CO
0 Transit Score
15 Walk Score

Description

Edinburg (also known as Mile 16½ Road North or TX-107), is the main thoroughfare through Elsa and is developed with nationally known retail tenants, where the Stripes is on a hard corner of the signalized intersection of Route 107 and 6 Mile Road. Elsa’s unique location directly between McAllen and Harlingen in the Rio Grande Valley has sprung robust residential development in the vicinity. Nearby retailers include Dollar General, H-E-B Grocery, McDonald’s, Jack in the Box, Pizza Hut, Whataburger, Subway, Family Dollar, Dairy Queen, and Church’s Chicken. Traffic counts passing the site are in excess of 25,000 cars per day.

Highlights

Annual CPI rent increases (max 1.5%)
Absolute NNN lease with 7-Eleven, Inc.
Features successful Laredo Taco Company counter
Large corner property with prime visibility
High traffic location
Cap Rate: 6.01 %

Public Transportation

AirportDriveWalkDistance
McAllen Miller International Airport 29 min - 20.4 mi
Valley International Airport 39 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matt Waterman 818-981-4910 Pegasus Investments
Matt Waterman 818-981-4910 Pegasus Investments