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1101 W Expressway 83
McAllen, TX 78503
New Floor & Decor/15 YR NNN/BBStrong Credit · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Strong national credit & growing tenant (NYSE: FND) | Total revenue: $2.65 b (7/26/2020) | S&P credit rating: BB STRONG
  • Long-term 15-year initial term NNN ground lease (land ownership for buyer) with growing (8% every 5 years)income stream
  • Only Floor & Decor in the Rio Grande Valley / I-2 FWY Location & Out parcel to the Simon Owned La Plaza Mall
  • Stock performance | floor & decor’s stock is nearly 4x higher than the March 2020
  • Below replacement costs / $107 PSF

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
65,898 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
3.72 AC
Zoning
C-3 - Per the city of McAllen the location is zoned as C-3 (General Business)
Parking
111 Spaces (1.7 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Listing ID: 23840246

  • Date on Market: 8/4/2021

  • Last Updated:

  • Address: 1101 W Expressway 83, McAllen, TX 78503

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