4021 La Homa RdMission, TX 78574

Property Details for 4021 La Homa Rd

Year built

2007

Lot size

4.51 AC

Property size (Sq ft)

8,840 SF

Property type

Showrooms

APN

H5410-03-000-0001-00

APU

H541003000000100

Description

This exceptional investment opportunity presents a 9,166 square foot, single-tenant Dollar Tree storefront in Mission, Texas. Located at 4021 La Homa Road, this property boasts a secure 10-year net lease (commencing July 1, 2024, and expiring June 30, 2034), offering 9.6 years of remaining lease term with a national credit tenant. The property, built in 2007 and renovated in 2024, sits on a 1.33-acre lot and includes 28 parking spaces. With 100% occupancy and a 7.35% cap rate, the asking price is $1,684,000 ($184 per square foot). The property benefits from a high-traffic location at a lighted intersection, conveniently situated near Palmview High School and Lloyd Bentson Elementary School. Mission, Texas, shows consistent population growth, promising a strong and expanding customer base. The annual rent is lower than the average for comparable Dollar Tree locations, mitigating risk and enhancing the investment's overall value. This presents a compelling opportunity for investors seeking a stable, high-yield retail investment, particularly those considering 1031 exchange strategies. No rent bumps are included in the lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,769,164

  6.5%

  $1,633,075

  7%

  $1,516,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,942,441

  Geo Method

  $5,062,848

• Alternative Use

  Use

  Valuation

  Residential

  $1,377,560

  Hospitality

  $1,261,837

  Educational

  $1,049,834

  Medical

  $1,085,939

  Retail

  $1,633,075

Location Insight

City

Mission

County

Hidalgo

State

Texas

Latitude

26.261

Longitude

-98.358

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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