902 W Ocean Blvd | Los Fresnos, TX 78566
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- LoopNet Team
902 W Ocean Blvd
Los Fresnos, TX 78566
AutoZone · Retail Property For Sale
Investment Highlights
- Standard & Poor’s Credit Rating of BBB (Investment Grade)
- Absolute NNN Ground Lease with ± 20 Months Remaining on the Initial 20 Year Term Lease. Four, Five Year Options to Renew with 5% Increases
- Daily Traffic Counts Exceeds 17,000 Vehicles Per Day
- $16.25 Billion in Annual Sales with ± 6,943 Locations
- Over 30,000 Total Population in a 5-Mile Radius. Los Fresnos is poised to more than double its current population in the next ten years
- Offered at $689,000 – Low Price Point on an Absolute NNN Ground Lease with an Investment Grade Tenant. Zero landlord responsibilities.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,360 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.03 AC
Zoning
C2 - Highway Commercial District
Parking
53 Spaces (7.2 Spaces per 1,000 SF Leased)
Frontage
145 FT on W Ocean Blvd
PROPERTY TAXES
| Parcel Number | 750239-0010-005000 | Improvements Assessment | $541,685 |
| Land Assessment | $135,000 | Total Assessment | $676,685 |
PROPERTY TAXES
Parcel Number
750239-0010-005000
Land Assessment
$135,000
Improvements Assessment
$541,685
Total Assessment
$676,685
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