- 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.