CONTACT: Gary Turner (321) 952-2894 gary@turnernetlease.com FL License #: BK-565084 Texas Broker of Record Scott Haire, TX License #396627 1009 Expressway 83 Donna, TX 78537
The property is located in Donna, Texas which is about 40 miles west of Brownsville and 150 miles southwest of Corpus Christi. It is bordered on the east by Weslaco, and on the west by Alamo. The southern boundary of the town is a few miles north of the Rio Grande, the international border between the United States and Mexico. One of the original motto s of the city is A city with a heart in the heart of the Rio Grande Valley. This property was part of 7-Eleven s recent acquisition of 1,030 Sunoco convenience stores in 17 states. This acquisition by 7-Eleven, Inc. was the largest acquisition in 7-Eleven s history and brings their total stores to about 9,700. In February 2018, 7-Eleven assumed this properties lease and all obligations as part of that acquisition. This property has Interstate access and visibility. Traffic counts along Interstate 2 in front of the property, including Expressway 83 are in excess of 100,000 cars per day. Traffic heading north/south on Val Verde Road is about 15,798 cars per day. This can be purchased all cash or assume attractive existing financing. There is an assumable mortgage with First Internet Bank. The loan balance as of May 31, 2018, is $995,638, with an interest rate of 4.57% and monthly payments of $8,188.57. A balloon payment of $620,616 is due December 1, 2024. There is a one-time assumption fee with lender approval of 1.25%. This store is very busy and has done well under the Sunoco/Stripes Brand. 7-Eleven s acquisition should only enhance the store sales at this location. Property Overview Location: 1009 East Expressway 83, Donna Texas Building Size: Land Size: Fuel Islands: 6 Lease Term: 4,832 +/- sf 1.47 +/- Acres Original Twenty (20) Years, with (5) 5-year options Primary Term: May 1, 2007 April 30, 2027 Lease Type: Absolute Triple Net Rent Increases: The Lesser of CPI or 1.5% annually. Annual Rent: $198,645 List Price: $3,454,695 Cap Rate: 5.75%
Aerial Overview The information herein was obtained from sources deemed reliable; however, Turner Net Lease Properties, Inc., makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation is subject to errors, omissions, change of price, prior sale or lease; or withdrawal without notice.
Aerial Overview The information herein was obtained from sources deemed reliable; however, Turner Net Lease Properties, Inc., makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation is subject to errors, omissions, change of price, prior sale or lease; or withdrawal without notice.
Map South Texas College McAllen International Airport The information herein was obtained from sources deemed reliable; however, Turner Net Lease Properties, Inc., makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation is subject to errors, omissions, change of price, prior sale or lease; or withdrawal without notice.
Survey The information herein was obtained from sources deemed reliable; however, Turner Net Lease Properties, Inc., makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation is subject to errors, omissions, change of price, prior sale or lease; or withdrawal without notice.
The information herein was obtained from sources deemed reliable; however, Turner Net Lease Properties, Inc., makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation is subject to errors, omissions, change of price, prior sale or lease; or withdrawal without notice.