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Grocery Store

Sprouts (NASDAQ: SFM) | Strong Performing Site | Rio Grande Valley | Densely Populated Affluent Area

5800 N 10th St, McAllen (Rio Grande Valley), TX 78504

Listing Price: $12,000,000

Cap Rate
4.75%
Tenant Name
Sprouts
Years Remaining On Lease
9.3
Gross SF
30,100
Guarantor
Corporate Guarantee
Rentable SF
30,100
Price/Gross SF
$398.67
Lease Type
Double Net
Rent Per Square Feet
$18.94

Investment Overview

McAllen, Texas is the epicenter of the Rio Grande Valley and continues to be the largest city in not only Hidalgo County, but the Rio Grande Valley. With a population of 140,000 and a regional customer base of 10.3 million people, McAllen is an extremely, attractive venue for retailers across the nation. McAllen has continuously been ranked by Forbes and Brookings as among the Top 20 Recession Proof Cities in the Country. McAllen’s proximity and ability to attract international shoppers positions it as one of the most competitive retail destinations in Texas. Over 15 million international bridge crossings per year, help McAllen generate more retail sales per household than Houston, Austin, San Antonio, El Paso, and Dallas. McAllen also has over twice the retail sales per capita than the State of Texas. This makes McAllen a powerful economic engine and the most coveted shopping destination in South Texas. McAllen also accounts for more than half of the sales taxes generated by all of Hidalgo County.

Investment Highlights

  • Corporate Lease Featuring Rental Increases Every 5 Years throughout the Initial Term and Options - Fast Growing Full Service Health and Wellness Supermarket with 370+ Stores in 23 States.
  • Strong Performing Location Per Placer.ai: Ranked #1 in Texas and Top 10% in the Chain based on Foot Traffic. Relocation of High Performing Store. 2016 Construction.
  • This is the Only Sprouts in Rio Grande Valley (the Next Nearest Sprouts is 100+ Miles Away).
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 42k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $96k+ within a 1-Mile Radius and Over 250k People Residing within a 5-Mile Radius.
  • Excellent Centralized Location - Near Numerous National Retailers Including Lowe's, The Home Depot, Target, Walgreens, Dollar General, Hobby Lobby, Sam's Club and many more.
  • McAllen is Ranked by Forbes and Brookings Among the Top Recession Proof Cities in the Country - Proximity and Ability to Attract International Shoppers Positions it as One of the Most Competitive Retail Destinations in Texas.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Grocery Store

Sprouts (NASDAQ: SFM) | Strong Performing Site | Rio Grande Valley | Densely Populated Affluent Area

Listing Price: $12,000,000

Cap Rate
4.75%
Tenant Name
Sprouts
Years Remaining On Lease
9.3
Gross SF
30,100
Guarantor
Corporate Guarantee
Rentable SF
30,100
Price/Gross SF
$398.67
Lease Type
Double Net
Rent Per Square Feet
$18.94

Investment Highlights

  • Corporate Lease Featuring Rental Increases Every 5 Years throughout the Initial Term and Options - Fast Growing Full Service Health and Wellness Supermarket with 370+ Stores in 23 States.
  • Strong Performing Location Per Placer.ai: Ranked #1 in Texas and Top 10% in the Chain based on Foot Traffic. Relocation of High Performing Store. 2016 Construction.
  • This is the Only Sprouts in Rio Grande Valley (the Next Nearest Sprouts is 100+ Miles Away).
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 42k Vehicles.
  • Densely Populated Affluent Area: Features an Average Household Income of $96k+ within a 1-Mile Radius and Over 250k People Residing within a 5-Mile Radius.
  • Excellent Centralized Location - Near Numerous National Retailers Including Lowe's, The Home Depot, Target, Walgreens, Dollar General, Hobby Lobby, Sam's Club and many more.
  • McAllen is Ranked by Forbes and Brookings Among the Top Recession Proof Cities in the Country - Proximity and Ability to Attract International Shoppers Positions it as One of the Most Competitive Retail Destinations in Texas.

Investment Overview

McAllen, Texas is the epicenter of the Rio Grande Valley and continues to be the largest city in not only Hidalgo County, but the Rio Grande Valley. With a population of 140,000 and a regional customer base of 10.3 million people, McAllen is an extremely, attractive venue for retailers across the nation. McAllen has continuously been ranked by Forbes and Brookings as among the Top 20 Recession Proof Cities in the Country. McAllen’s proximity and ability to attract international shoppers positions it as one of the most competitive retail destinations in Texas. Over 15 million international bridge crossings per year, help McAllen generate more retail sales per household than Houston, Austin, San Antonio, El Paso, and Dallas. McAllen also has over twice the retail sales per capita than the State of Texas. This makes McAllen a powerful economic engine and the most coveted shopping destination in South Texas. McAllen also accounts for more than half of the sales taxes generated by all of Hidalgo County.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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