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7-Eleven (Stripes)
1020 S 23rd St, McAllen, TX 78501
Listing Price: $1,596,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Stripes in McAllen, TX. The property consists of a 2,240-square-foot, freestanding building that sits on approximately 0.19 acres of land. There are 11.8 years remaining on the lease with 10% rental increases every 5 years.
7-Eleven (Stripes)
Investment Highlights
- Recent 12-Year Lease Extension - Absolute Net Lease (Corporate Guarantee: 7-Eleven, Inc.)
- South 23rd Street Location (19,215 VPD), Just Blocks From Interstate Highway 2 (145,438 VPD)
- More Than 216,485 Residents Within a Five-Mile Radius
- New Construction in the McAllen Convention Center District: Palm Crossing Phase II (30,000 SF of Retail Space), The Grove (7-Acre MixedUse), and a 140-Room Aloft Hotel
Exclusively Listed By
Financing By
Listing Price: $1,596,000
Investment Highlights
- Recent 12-Year Lease Extension - Absolute Net Lease (Corporate Guarantee: 7-Eleven, Inc.)
- South 23rd Street Location (19,215 VPD), Just Blocks From Interstate Highway 2 (145,438 VPD)
- More Than 216,485 Residents Within a Five-Mile Radius
- New Construction in the McAllen Convention Center District: Palm Crossing Phase II (30,000 SF of Retail Space), The Grove (7-Acre MixedUse), and a 140-Room Aloft Hotel
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Stripes in McAllen, TX. The property consists of a 2,240-square-foot, freestanding building that sits on approximately 0.19 acres of land. There are 11.8 years remaining on the lease with 10% rental increases every 5 years.
Exclusively Listed By
Financing By
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