For Sale
$1,077,000
1913 Us-83 Penitas, TX 78576
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Brand-new, high-quality 2024 construction on a 0.76-acre lot with excellent ingress/egress and ample parking.
- Long-term, absolute NNN ground lease with 10% rental escalations every 5 years, providing a passive income stream and inflation hedge.
- Strong corporate guarantee from Driven Brands, the largest automotive services company in North America.
- Adjacent to a new 58-acre development including multi-family units and national retailers like Kohl's, PetSmart, and Chick-fil-A.
- Excellent highway visibility and accessibility on Highway 83, boasting over 38,311 vehicles per day.
- Best-in-class tenant, Take 5 Oil Change, with over 800 locations and high customer satisfaction ratings.
Property Details for 1913 Us-83
- Property type
- Retail properties, Retail space
- Square Feet
- 1,682 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 33,106 SF
Location Insight
- City
- Penitas
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.2434409
- Longitude
- -98.4404755
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 1913 Us-83 Penitas, TX.
- What is the asking price?
- The asking price for this property is $1,077,000.
- What are key features of this property?
- This property features: Brand-new, high-quality 2024 construction on a 0.76-acre lot with excellent ingress/egress and ample parking.; Long-term, absolute NNN ground lease with 10% rental escalations every 5 years, providing a passive income stream and inflation hedge.; Strong corporate guarantee from Driven Brands, the largest automotive services company in North America.
- How can I contact the broker?
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