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Single-Tenant Vacant-User

Former Advance Auto

412 E Edinburg Ave, Elsa, TX 78543

Listing Price: $875,000

Cap Rate
1.00%
Tenant Name
Former Advance Auto
Years Remaining On Lease
0.2
Gross SF
6,776
Guarantor
No Guarantee
Rentable SF
6,776
Price/Gross SF
$129.13
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the vacant former Advance Auto Parts located along E Edinburg Avenue in Elsa, Texas. The offering includes the 6,776 square foot building formerly occupied by Advance Auto Parts. The site was built in 2006, sits on 1.09 acres. It is concrete masonry construction with 3 HVAC units, and one metal roll up service door. The building is located along a strong retail corridor with H-E-B Grocery, KFC, Jack in the Box, McDonald’s, Whataburger, and CVS; all within one block of the subject property. Elsa, Texas, founded in 1937, is in Hidalgo County about 17 miles northeast of McAllen and is a part of the McAllen-Edinburg-Mission MSA. Elsa has an estimated population of 7,174. The University of Texas Rio Grande Valley is located about 10 miles away in Edinburg, is home to 26,000 students and employs 3,000 people. Other top employers include HEB, Edinburg School District, McAllen Medical Center, South Texas College, General Electric Aviation and T-Mobile. Driving economic industries include automotive and advanced manufacturing, health service providers, food processing, aerospace, and data centers. The McAllen, Edinburg, and Mission housing market was the #2 ranked U.S. housing market by Realtor.com in 2020 behind Boise, ID.

Investment Highlights

  • Re-Position Opportunity for Developer or Buyer to Remodel or Re-tenant
  • Located Near National Retailers Including H-E-B, Jack in the Box, O'Reilly Auto Parts, Whataburger, McDonalds and CVS
  • Great visibility with 165ft. of Frontage Along Edinburg Ave Which Experiences 13,400 Vehicles Per Day

Exclusively Listed By

Single-Tenant Vacant-User

Former Advance Auto

Listing Price: $875,000

Cap Rate
1.00%
Tenant Name
Former Advance Auto
Years Remaining On Lease
0.2
Gross SF
6,776
Guarantor
No Guarantee
Rentable SF
6,776
Price/Gross SF
$129.13
Lease Type
Triple Net (NNN)

Investment Highlights

  • Re-Position Opportunity for Developer or Buyer to Remodel or Re-tenant
  • Located Near National Retailers Including H-E-B, Jack in the Box, O'Reilly Auto Parts, Whataburger, McDonalds and CVS
  • Great visibility with 165ft. of Frontage Along Edinburg Ave Which Experiences 13,400 Vehicles Per Day

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the vacant former Advance Auto Parts located along E Edinburg Avenue in Elsa, Texas. The offering includes the 6,776 square foot building formerly occupied by Advance Auto Parts. The site was built in 2006, sits on 1.09 acres. It is concrete masonry construction with 3 HVAC units, and one metal roll up service door. The building is located along a strong retail corridor with H-E-B Grocery, KFC, Jack in the Box, McDonald’s, Whataburger, and CVS; all within one block of the subject property. Elsa, Texas, founded in 1937, is in Hidalgo County about 17 miles northeast of McAllen and is a part of the McAllen-Edinburg-Mission MSA. Elsa has an estimated population of 7,174. The University of Texas Rio Grande Valley is located about 10 miles away in Edinburg, is home to 26,000 students and employs 3,000 people. Other top employers include HEB, Edinburg School District, McAllen Medical Center, South Texas College, General Electric Aviation and T-Mobile. Driving economic industries include automotive and advanced manufacturing, health service providers, food processing, aerospace, and data centers. The McAllen, Edinburg, and Mission housing market was the #2 ranked U.S. housing market by Realtor.com in 2020 behind Boise, ID.

Exclusively Listed By

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