ATT Service Facility - Over 47 Years Here 2120 Redbud Ave 6,814 SF Industrial Building McAllen, TX 78504 $1,150,000 ($168.77/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location: ±6,814-square-foot, single-tenant industrial building located in McAllen, Texas, a strategic hub for commercial real estate
- Built-in Longevity: With two five-year renewal options, the tenant has the opportunity to extend occupancy, supporting asset appreciation
- Steady Cash Flow: A corporate-backed lease ensures reliable rental income over the initial five-year term, reducing risk for investors.
- Attractive Return Potential: Current CAP Rate: 7.01% Pro-Forma CAP Rate: 7.47%
- Long Term HIstory: ATT Service has been at this Location for over 47 Years
- Favorable Lease Structure: Structured as a double net (NN), operating expenses are minimized, enhancing net returns.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer for sale 2120 Redbud Ave, a single-tenant industrial building, located in McAllen, Texas. This property is a ±6,814-square foot single-tenant industrial building situated on a 2.55-acre lot.
This investment opportunity is encumbered by a 5 year lease with 2 (5 year) options to renew, giving an investor an attractive return opportunity, balancing stability and long-term income potential. This property type is ideal for investors seeking passive income, stability, and a hedge against market volatility, particularly secured by AT&T, a creditworthy tenant that has been at this location for over 47 years. The property is conveniently located a block away from the busy intersection of West Nolana Avenue and North 29th Street surrounding a major retail corridor which includes Walmart Super Center, Target, Wendy’s, Chik-Fil-A, Starbucks, Nolana Shopping Mall, Whataburger, and many more.
This industrial building is strategically situated on a spacious 2.55-acre lot, providing an exceptional balance of functionality and convenience. The expansive site allows for ample parking, ensuring ease of ingress/ egress for both employees and visitors. The generous lot size also enhances the property’s future adaptability, accommodating potential expansions or redevelopment opportunities.
The offering is ideal for an investor who is seeking an opportunity to purchase a stable industrial investment with an attractive going-in capitalization rate of 7.01% with a 7.47% pro-forma capitalization rate.
This investment opportunity is encumbered by a 5 year lease with 2 (5 year) options to renew, giving an investor an attractive return opportunity, balancing stability and long-term income potential. This property type is ideal for investors seeking passive income, stability, and a hedge against market volatility, particularly secured by AT&T, a creditworthy tenant that has been at this location for over 47 years. The property is conveniently located a block away from the busy intersection of West Nolana Avenue and North 29th Street surrounding a major retail corridor which includes Walmart Super Center, Target, Wendy’s, Chik-Fil-A, Starbucks, Nolana Shopping Mall, Whataburger, and many more.
This industrial building is strategically situated on a spacious 2.55-acre lot, providing an exceptional balance of functionality and convenience. The expansive site allows for ample parking, ensuring ease of ingress/ egress for both employees and visitors. The generous lot size also enhances the property’s future adaptability, accommodating potential expansions or redevelopment opportunities.
The offering is ideal for an investor who is seeking an opportunity to purchase a stable industrial investment with an attractive going-in capitalization rate of 7.01% with a 7.47% pro-forma capitalization rate.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | I6000-02-003-0001-00 | Improvements Assessment | $400,345 |
| Land Assessment | $333,000 | Total Assessment | $733,345 |
ZONING
| Zoning Code | Industrial |
