For Sale
$5,623,588
2400 Mccoll RdMcAllen, TX 78503
High-Yield 7-Eleven, Gas Station, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 119
Highlights
- $5,623,588 asking price for a Class A, 4,656 SF retail property.
- Absolute NNN net lease with corporate guarantee, 13.8 years remaining, and 7.5% rent bumps every 5 years.
- 5.10% cap rate with a $286,803 NOI.
- Brand new (2023) construction, located on a 1.79-acre lot, featuring a 7-Eleven, gas station, and Laredo Taco.
- High-traffic location with excellent visibility on a major retail corridor, exceeding 32,000 vehicles daily, near I-2.
- Significant tax benefits due to accelerated depreciation and cost segregation, including a fuel sales reporting clause for bonus depreciation.
Property Details for 2400 Mccoll Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 4,656 SF
- Class
- A
- Year Built
- 2023
- Lot Size (sq. ft)
- 77,972 SF
Location Insight
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.1783803
- Longitude
- -98.217509
2400 Mccoll Rd, McAllen, Texas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield 7-Eleven, Gas Station, NNN Lease
- Where is the retail property located?
- The property is located at 2400 Mccoll Rd McAllen, TX.
- What is the asking price?
- The asking price for this property is $5,623,588.
- What are key features of this property?
- This property features: $5,623,588 asking price for a Class A, 4,656 SF retail property.; Absolute NNN net lease with corporate guarantee, 13.8 years remaining, and 7.5% rent bumps every 5 years.; 5.10% cap rate with a $286,803 NOI.
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