1411 Interstate HwySan Juan, TX 78589

Property Details for 1411 Interstate Hwy

Year built

2023

Lot size

1.47 AC

Property size (Sq ft)

5,105 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 5,105-square-foot Chili's Grill & Bar located in San Juan, Texas, within the McAllen-Edinburg-Mission MSA. Built in 2023, this single-tenant, net-lease property sits on a 1.47-acre lot and boasts 105 parking spaces. The lease, a ground lease with a remaining term of approximately 8.2 years, features a 10% rent increase in 2028 and in each of four, five-year renewal options. The property enjoys a 5.50% cap rate and a current NOI of $130,000. This high-performing location ranks within the top 22% of Chili's restaurants nationwide and the top 21% in Texas based on visitor data. Its strategic location along East Interstate Highway 2 (102,481 vehicles per day), approximately 6 miles east of downtown McAllen, provides excellent visibility and accessibility. The property benefits from its proximity to major roadways and a dense concentration of complementary businesses, including Olive Garden, Denny's, Walmart Supercenter, Planet Fitness, and numerous other retail establishments. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving market. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.

Location Insight

City

San Juan

County

Hidalgo

State

Texas

Latitude

26.1926

Longitude

-98.1362

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