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2800 N 10th Street, MCALLEN, TX, 78501

STRIPES
Closed

Key Information

Term Remaining
±11.5 YRS
Type
Retail
Leasable Area
6,419

Highlights

  • Top-Rated Tenant: 7-ELEVEN (STRIPES) | Corporate-guaranteed lease (7-Eleven, Inc.) with investment-grade credit (S&P: A)
  • Iconic Brand: Stripes Convenience Stores is owned by 7-Eleven, Inc., the world’s largest convenience store chain with over 83,000 locations.
  • High Traffic: Situated at the high-traffic intersection of N 10th St (+25,778) and Greenville Hwy (+4,627 VPD).
  • Absolute NNN Lease: Absolute NNN lease offering a passive and reliable stream of income.
  • Hedge Against Inflation: Includes 10% rental increases in the three 5-year options to renew.
  • Lower Rent/Price Point: This site has a long time term operational history and is paying much lower rent than longer term new construction sites.
  • Brand New Early 10 Year Extension: Showing their long term commitment to the location.
  • High Foot Traffic: Ranks in the top 15% in terms of foot traffic when compared to Stripes nationally according to Alpha Maps.
  • Prime Location: Signalized corner with access from the cross streets.
  • Fee Simple: Potentially eligible for bonus depreciation—please consult with a CPA.
  • Stable and Recession Resistant Industry: Providing a more predictable stream of income.
  • McAllen, TX: Thriving Market Generates $3+ Billion in Gross Retail Sales From 18 Million People Annually – McAllen contributes to the Rio Grande Valley’s Landscape by constituting 60% of the region’s annual gross retail sales
  • Dense Population: McAllen has a population of 250,197 within 5 miles
  • Historic and Steady Growth: Consistent population growth over the past 10 years with similar estimated growth projected in the future.
  • Nearby National Tenants Include: FedEx, McDonald’s, Wingstop, Family Dollar, Sonic, BMW Dealership, Starbucks, H-E-B, Quick Quack Car Wash, Barnes & Noble, Pizza Hut, and Harbor Freight

Michael Tamir & Chad Kurz in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.

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Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225