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7-Eleven | McAllen, TX 1020 S 23rd St

2,240 SF Retail Building McAllen, TX 78501 $1,400,000 ($625/SF) 6.50% Cap Rate

Retail Space Texas McAllen 1020 S 23rd St, McAllen, TX 78501

Investment Highlights

  • 7-ELEVEN (STRIPES) | Corporate-guaranteed lease (7-Eleven, Inc.) with investment-grade credit (S&P: A) | Long 47 year C-store operating history at l
  • Location | Low rent location ($91,000 per year) | Strong Placer.ai performance | Densely populated area with tremendous growth in the Rio Grande Val
  • Recent extension with 11.7 years remaining on the lease term

Executive Summary

47+ Year Operating History as C-Store | Absolute Net Lease | 11+ Years Remaining | 7-Eleven, Inc. Guarantee

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,240 SF
Building Class
C
Year Built
1977
Price
$1,400,000
Price Per SF
$625
Cap Rate
6.50%
NOI
$91,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.19 AC
Zoning
UAB

Links

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1020 S 23rd St, McAllen, TX - aerial map view - Image1
1020 S 23rd St, McAllen, TX - aerial map view - Image2
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
Orangetheory Fitness
El Pato Fresh Mexican Food
Planet Fitness
Denny's
Johnny Rockets
Saltgrass Steak House
Cheddar's Scratch Kitchen
BJ's Restaurant & Brewhouse
P.F. Chang's

PROPERTY TAXES

Parcel Number C4950-00-000-0001-00 Improvements Assessment $87,691
Land Assessment $79,968 Total Assessment $167,659

PROPERTY TAXES

Parcel Number
C4950-00-000-0001-00
Land Assessment
$79,968
Improvements Assessment
$87,691
Total Assessment
$167,659
(512) 712-3657

Contacts

  • Listing ID: 34233436

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 1020 S 23rd St, McAllen, TX 78501

More public record information on 1020 S 23rd St, McAllen, TX 78501

The Retail Property at 1020 S 23rd St, McAllen, TX 78501 is currently available for sale. Contact Hanley Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1020 S 23rd St, McAllen, TX for sale Building Photo- Image 1 of 6
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1020 S 23rd St, McAllen, TX for sale Site Plan- Image 2 of 6
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1020 S 23rd St, McAllen, TX for sale Site Plan- Image 3 of 6
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1020 S 23rd St, McAllen, TX for sale Aerial- Image 4 of 6
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1020 S 23rd St, McAllen, TX for sale Aerial- Image 5 of 6
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7-Eleven | McAllen, TX | 1020 S 23rd St
(512) 712-3657 x

7-Eleven | McAllen, TX | 1020 S 23rd St

1/2

Garrett Wood

(512) 712-3657

(512) 712-3657

Brad Dessy

(310) 936-1050

(310) 936-1050

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