Grocery Store
Lowe's Mercado
3000 Santa Maria Ave, Laredo, TX 78040
Listing Price: $1,305,000
Cap Rate
7.00%
Tenant Name
Lowe's Mercado
Years Remaining On Lease
1.7
Gross SF
18,160
Guarantor
Corporate Guarantee
Rentable SF
18,160
Price/Gross SF
$71.86
Lease Type
Absolute Net
Rent Per Square Feet
$5.03
Investment Overview
This Lowe's Mercado grocery store is located in the heart of Laredo, TX. It has two, 5-year options with a rental increase in the second option. With an absolute net lease, there are zero landlord responsibilities and a corporate guarantee.
Lowe's Mercado
Investment Highlights
- Exceptionally Well Established Grocer in the Heart of Laredo
- Subject Property has been a Grocer Since the 1970's
- Absolute Triple Net Lease, Zero Landlord Responsibilities
- Strong, Texas Based Operator with Corporate Guarantee
- Fantastic Demographics and Population Counts Make this an Ideal Site for Operator
- Low Rent and Carrying Costs for Tenant
Exclusively Listed By
Financing By
Listing Price: $1,305,000
Cap Rate
7.00%
Tenant Name
Lowe's Mercado
Years Remaining On Lease
1.7
Gross SF
18,160
Guarantor
Corporate Guarantee
Rentable SF
18,160
Price/Gross SF
$71.86
Lease Type
Absolute Net
Rent Per Square Feet
$5.03
Investment Highlights
- Exceptionally Well Established Grocer in the Heart of Laredo
- Subject Property has been a Grocer Since the 1970's
- Absolute Triple Net Lease, Zero Landlord Responsibilities
- Strong, Texas Based Operator with Corporate Guarantee
- Fantastic Demographics and Population Counts Make this an Ideal Site for Operator
- Low Rent and Carrying Costs for Tenant
Investment Overview
This Lowe's Mercado grocery store is located in the heart of Laredo, TX. It has two, 5-year options with a rental increase in the second option. With an absolute net lease, there are zero landlord responsibilities and a corporate guarantee.
Exclusively Listed By
Financing By
