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Office Supply

FedEx Office

2812 N 10th St, McAllen, TX 78501

Listing Price: $1,650,000

Cap Rate
6.40%
Tenant Name
FedEx
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Double Net
Rent Per Square Feet
$21.17

Investment Overview

The subject property is located on North 10th Street in McAllen, Texas. There are over five years remaining on the lease term with an additional 5-year option that includes a rental increase. McAllen has a population of over 891,000 and expected to add roughly 45,000 residents over the next five years.

Investment Highlights

  • Best in Class Tenant - FedEx provides services such as shipping, copying, printing, marketing, and office services. They deliver over one million packages a day by land, air, and sea.
  • Potential Value-Add - FedEx recently executed a five year option, extending the lease to 2029. They have one, five-year option remaining, allowing an incoming investor the potential to maximize value.
  • Strong Population- With over 250,000 residents within five miles and continued growth in the submarket, this location will only continue to succeed.
  • Destination Retail Corridor - North 10th Street sees over 30,000 vehicles per day, attracting a multitude of national retailers, which makes this street a one stop shop for all residents of McAllen.

Exclusively Listed By

Financing By

Office Supply

FedEx Office

Listing Price: $1,650,000

Cap Rate
6.40%
Tenant Name
FedEx
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Double Net
Rent Per Square Feet
$21.17

Investment Highlights

  • Best in Class Tenant - FedEx provides services such as shipping, copying, printing, marketing, and office services. They deliver over one million packages a day by land, air, and sea.
  • Potential Value-Add - FedEx recently executed a five year option, extending the lease to 2029. They have one, five-year option remaining, allowing an incoming investor the potential to maximize value.
  • Strong Population- With over 250,000 residents within five miles and continued growth in the submarket, this location will only continue to succeed.
  • Destination Retail Corridor - North 10th Street sees over 30,000 vehicles per day, attracting a multitude of national retailers, which makes this street a one stop shop for all residents of McAllen.

Investment Overview

The subject property is located on North 10th Street in McAllen, Texas. There are over five years remaining on the lease term with an additional 5-year option that includes a rental increase. McAllen has a population of over 891,000 and expected to add roughly 45,000 residents over the next five years.

Exclusively Listed By

Financing By

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