2400 Mccoll RdMcAllen, TX 78503

Property Details for 2400 Mccoll Rd

Year built

2023

Lot size

1.79 AC

Property size (Sq ft)

4,656 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Class A retail investment presents a compelling opportunity. Located at 2400 S McColl Rd, McAllen, TX 78503, this 4,656 square foot, newly constructed (2023) convenience store and gas station boasts a strong 5.10% cap rate and a substantial NOI of $286,803. The property sits on a 1.79-acre lot in a high-traffic area with over 32,000 vehicles daily. Benefitting from a long-term absolute NNN lease with a corporate guarantee (7-Eleven, Wawa, Circle K, Sheetz) extending until August 31, 2038 (13.8 years remaining), the lease includes 7.5% rent bumps every five years. The property's strategic location near I-2, a major hospital, the McAllen International Airport, and La Plaza Mall, ensures consistent high traffic and strong tenant performance. Significant tax advantages are available through accelerated depreciation and cost segregation, further enhancing the investment's appeal. The affluent area boasts an average household income exceeding $90,000 within a one-mile radius and a population exceeding 216,000 within five miles, projected to grow by 8-10% by 2029. This property offers a rare combination of strong tenant, prime location, and significant financial benefits, making it an ideal addition to any portfolio. The tenant is ranked among the Fortune Global 500 and holds an "A" S&P investment grade credit rating.

Location Insight

City

McAllen

County

Hidalgo

State

Texas

Latitude

26.1784

Longitude

-98.2175

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