1501 23Rd StMcAllen, TX 78501
For Sale
$860,000
High-yield Korean BBQ, strong lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- $860,000 asking price for a net-leased retail property.
- 8.47% cap rate with a $72,878 annual NOI.
- 2,880 square foot restaurant building on a 0.44-acre lot in McAllen, Texas.
- NN lease with a credit-rated tenant, Bon Galbi Korean BBQ, commencing October 1, 2024, and expiring January 31, 2030.
- 100% occupancy with 3% annual rent bumps.
Property Details for 1501 23Rd St
- Property type
- Other retail properties, Restaurants
- Buildings
- 1
- Lot Size (sq. ft)
- 19,166 SF
- Units
- 1
Location Insight
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Latitude
- 26.218695401913
- Longitude
- -98.243231750066
1501 23Rd St, McAllen, Texas
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