1002 Grant StLaredo, TX 78040

Property Details for 1002 Grant St

Year built

1973

Lot size

0.33 AC

Property size (Sq ft)

25,916 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

101-00001-030

APU

10100001030

Description

This exceptional investment opportunity presents a 25,916 square foot, Class A retail property in Laredo, Texas, currently 100% occupied by ABO Plasma under a triple-net lease. The property, situated on a 14,193 square foot lot at 1002 Grant St, Laredo, TX 78040, boasts a newly renovated (2024) two-story building constructed in 1973. The lease, commencing December 1, 2024, and expiring November 30, 2034, offers a substantial 10-year term with three 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $376,000, resulting in an attractive 8.00% cap rate. The asking price is $4,700,000. ABO Plasma, a corporate-guaranteed tenant, occupies the entire space, utilizing approximately 12,500 square feet on the first floor for plasma donations and the remaining space for offices, rest areas, and corporate training. The property benefits from a prime location in downtown Laredo, near major international bridges and a historic plaza, serving a large and growing population. This sale-leaseback opportunity offers minimal landlord responsibilities and is considered an e-commerce resistant, essential business. The property is available for purchase below replacement cost, considering the recent $4.5 million renovation. The permitted zoning is commercial.

• Alternative Use

  Use

  Valuation

  Residential

  $4,033,741

  Hospitality

  $3,694,885

  Educational

  $3,074,101

  Medical

  $3,179,824

  Retail

  $4,781,935

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.503

Longitude

-99.5059

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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