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Harlingen, TX 78550
7-Eleven (Stripes)
Property Address
1610 South F Street, Harlingen, TX, USA
Offering Summary
Price:
$5,964,900
Lot Size:
2.64 Acres
Cap Rate:
5.0%
Year Built:
2023
Building SF:
4,842
Status:
Available
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Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
7.5% Rental Increases Every 5 Years with Multiple Renewal Options
New High-Quality 2023 Construction on Large 2.64-Acre Lot with 8 Fueling Stations
Optimization of Successful Smaller Store Nearby
Property Qualifies for 100% Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
99,618 Residents within a 5-Mile Radius - Households and Population Projected to Increase Approx. 4% in the Surrounding Area by 2028
Excellent Frontage Along U.S. Highway 83 / Interstate 69E (85,500+ Cars per Day)
1 Mile from Harlingen’s Primary Retail Corridor, Anchored by Valle Vista Mall
Broker Information
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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