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1020 S 23rd St
McAllen, TX 78501

$1,400,000 USD

Convenience Store For Sale  •  2,240 SF

Property Details

• Property Type Convenience Store
• Total Building Size 2,240 SF
• Lot Size 0.19 AC
• Building Class C
• Year Built 1977
• Cap Rate 6.50 %
• Tenancy Single
• Zoning UAB

0 Transit Score

74 Walk Score

Highlights

7-ELEVEN (STRIPES) | Corporate-guaranteed lease (7-Eleven, Inc.) with investment-grade credit (S&P: A) | Long 47 year C-store operating history at l

Recent extension with 11.7 years remaining on the lease term

Location | Low rent location ($91,000 per year) | Strong Placer.ai performance | Densely populated area with tremendous growth in the Rio Grande Val

Cap Rate:

6.50 %

Public Transportation

Airport	Drive	Walk	Distance
McAllen International	4 min	-	1.9 mi