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38914 W Mile 7 Rd
Penitas, TX 78576

$1,480,000 USD

Freestanding For Sale • 9,026 SF

Property Details

Property Type Freestanding
Total Building Size 9,026 SF
Lot Size 1.04 AC
Building Class C
Year Built 2019
Cap Rate 6.00 %
Tenancy Single
Zoning CO

0 Transit Score

21 Walk Score

                
                    Highlights
                
                                10+ years remaining on the original corporate guaranteed NNN lease. National Credit Tenant with S&P credit ratings BBB.
                            
                                Built-in rent Growth: Lease include five (5), 5 year renewal option to extend the lease with 10% rental increase each option.
                            
                                Fifth largest MSA in Texas | Metro population of 888,370 in 2022.
                            
                                Positioned in a high-visibility area along a main thoroughfare.
                            
                                Located very close to Middle and Elementary School, ensuring great traffic frontage.

Property Flyers

DG _ Offering Memorandum

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General	9,026 SF	6/30/2034

Public Transportation

Airport	Drive	Walk	Distance
McAllen International	36 min	-	22.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	31
Type:	Surface
Included in Rent:	Yes

Raffaele Suprano 949-339-8918 Compass Land Advisors

38914 W Mile 7 Rd Penitas, TX 78576