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Olive Garden 1403 E Interstate 2

7,818 SF Retail Building San Juan, TX 78589 $2,636,400 ($337/SF) 5.50% Cap Rate

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Investment Highlights

Absolute NNN Ground Lease with Renewal Options
6 Miles East of Downtown McAllen | Along East Interstate Highway 2 (102,481 VPD)
Adjacent to Chili’s Grill & Bar, Starbucks and an upcoming 100-room Home2 Suites and is within feet of Walmart Supercenter.

Top-Visited Location | 120,300 Visitors Across 282,400 Visits Over the Past 12 Months (Placer.ai) | 101.1% YoY Growth Rate
Dynamic Demographics | Population of 82,639 & Average Household Income of $66,271 Within 3-Miles
McAllen-Edinburg-Mission, TX MSA Advantage | MSA Population of 910,138

Executive Summary

The CBRE Net Lease Property Group is pleased to exclusively offer for sale an ±8.5-year NNN Olive Garden ground lease situated on 1.73 acres in San Juan, Texas—part of the McAllen-Edinburg-Mission, TX MSA (MSA Population: 910,138). Olive Garden’s 7,818-square-foot building was recently constructed in 2023, and its lease features a 10% rent increase in 2028 and in each of the four 5-year renewal options. Rio Grande Valley is one of Olive Garden’s most profitable markets in the country. This San Juan location has welcomed 120,300 visitors across 282,400 visits over the past 12 months, with a growth rate of 101.1% YoY, according to Placer.ai.