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McAllen, TX 78503
7-Eleven (Stripes)
Property Address
2416 South McColl Road, McAllen, TX, USA
Offering Summary
Price:
$5,736,000
Lot Size:
1.79 Acres
Cap Rate:
5.0%
Year Built:
2023
Building SF:
4,650
Status:
Available
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Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
New High-Quality 2023 Construction with Eight Fueling Stations (Four Pumps)
212,710 Residents within a Five-Mile Radius with Households and Population Projected to Increase 8-10 Percent in the Immediate Area by 2027
Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation Per IRS 1250 Property Designation
Laredo Taco Company (7-Eleven's Mexican Restaurant Brand) is Located Inside the Convenience Store
Average Household Income Exceeds $121,000 within a One-Mile Radius
McAllen is One of the Largest Cities in the Rio Grande Valley Attracting 18 Million Visitors Annually, Primarily from South Texas and Northern Mexico
Signalized Hard Corner Location with Over 32,800 Cars per Day at the Intersection
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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