Mattress Firm 1304 E Expressway 83, McAllen, TX Cap Rate 8.06% McAllen ( Texas, US ) Built

$3,250,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 8,500 sq. ft.
  • Development Level: Built
  • Lot Size: 1.34 acres
  • Year Built: 2012

Description

Mattress Firm 1304 E Expressway 83, McAllen, TX Cap Rate 8.06%

Cap Rate: 8.06%
NOI: $261,800
Building Size: 8,500 sqft
Lot Area: 1.34 acres
Year Built: 2012

Price: $3,250,000 USD

DESCRIPTION
Faris Lee Investments is pleased to present a rare opportunity to acquire the fee simple interest in a single-tenant, absolute NNN leased investment. The tenant is Mattress Firm, the largest multi-brand mattress retailer in the country, with over 2,500 locations. The absolute NNN lease has a 10% rent increase if the option is exercised, which allows a buyer a hands-off investment that also hedges against inflation.

Situated in the heart of the trade area, the subject property holds strong intrinsic value. Within 5 miles of the site, there are nearly 250,000 people. Additionally, there are over 100,000 employees in that same radius employed by nearly 10,500 businesses. The property boasts a great location in the trade area, within blocks of crowd generators such as Costco, Lowe’s, Sam’s Club and Walmart. There is also easy access to and from Interstate 2 (100,017 VPD), the main freeway running across McAllen.

HIGHLIGHTS
• Strong Franchisee and Guarantor - Perez Mattress Company
• Relocation to Freestanding Building Adjacent to Old Location
• Absolute (NNN) Lease / Fee Simple Ownership
• Industry Leading Tenant
• 10% Rental Increase Coming Soon
• Oversized Parcel / Value-Add Opportunity
• Highway Visibility / Strongest Retail Trade Area
• Strong Fundamental Economic Conditions in McAllen MSA
• Hidalgo County is the Retail Center of South Texas and Northern Mexico

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.