0 Shops BlvdDonna, TX 78537

For Sale
$3,625,000

High-performing Chick-fil-A, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 5,362 square foot Chick-fil-A restaurant in Donna, Texas. Located within the Shops at 493, a thriving 200,000 square foot retail power center anchored by a Walmart Supercenter, this property boasts a prime location on Expressway 83 and FM 493, a high-traffic area with over 132,801 vehicles passing daily. The single-tenant, Class A building sits on a 1.65-acre lot with ample parking (80 spaces) and benefits from a 15-year absolute NNN lease with a credit-rated tenant. The lease includes a 10% rent increase every five years, ensuring strong future returns. Built in 2024, this property offers a 4.00% cap rate and a net operating income (NOI) of $145,000. The asking price is $3,625,000, translating to $676.05 per square foot. This is a secure, long-term investment with a highly reputable tenant and significant growth potential in a rapidly developing retail area. The property is zoned for commercial use. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity.

Highlights

  • Net Operating Income (NOI) of $145,000
  • Cap Rate of 4.0%
  • 100% Occupancy
  • Absolute NNN Lease
  • 25-Year Initial Lease Term
  • 10% Rent Increases Every 5 Years

Property Details for 0 Shops Blvd

Property type
Other retail properties, Restaurants
Square Feet
5,362 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
71,874 SF

Location Insight

City
Donna
County
Hidalgo
State
Texas
Latitude
26.181118514813
Longitude
-98.0437099875
Shops Blvd, Donna, Texas

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0 Shops Blvd
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