Investment Highlights

15-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH RENTAL INCREASES
» Long-term absolute guaranteed NNN lease to growing Texas-based tenant
» Lease includes three (3) five-year option periods with scheduled rental increases
» Absolute NNN lease requires no landlord management, ideal for out-of-area investors
» 10% rental increases every five years, providing a hedge against inflation
» Taco Palenque is a burgeoning Mexican cuisine restaurant chain servicing South Texas
» Located in an income tax free state

HIGH-VISIBILITY LOCATION IN LARGE AND GROWING TEXAS MARKET
» High-visibility location along West Interstate Highway 2, with 156,684 vehicles per day directly in front of the location
» 40-foot pylon sign onsite along Interstate Highway 2, greatly increasing site visibility
» Beneficial proximity to highly trafficked Texas thoroughfares, including Interstate 69C (132,940 AADT)
» 203,522 residents live within a five-mile radius of the location, providing a large customer base for the property
» Projected nine percent average annual household income increase within a three-mile radius of the site in the next five years, poising Taco Palenque and San Juan for significant concurrent growth
» 15 percent population increase within five miles of the site in the past 10 years, demonstrating San Juan’s explosive and steady development

CENTRALLY LOCATED NEAR LARGE RETAILERS AND COMMUNITY HUBS
» Outparcel to an H-E-B Plus-anchored shopping center, funneling crossover traffic directly to the location
» Surrounded by a strong mix of national retailers, including Walmart Supercenter, Costco, Target, Walgreens, Burger King, Domino’s Pizza, Subway, and many more
» Across the street from new and future retail developments, including Carmax, Texas National Bank, Blue Wave Express Car Wash, and North Park Lexus Rio Grande Valley
» Located within a five-mile radius of five major shopping centers with a combined 257 stores and 3.1 million square feet of retail space
» Seven miles from McAllen International Airport (apprx. 432,000 annual passengers)
» Location provides excellent access to purchasing power from the Reynosa-McAllen metroplex (population 1.5 million), South Texas region, and affluent northern Mexican markets

Property Description

SOLD
The property has a high-visibility location along West Interstate Highway 2, with 156,684 vehicles per day directly in front of the location. The property features a 40-foot pylon sign onsite along Interstate Highway 2, greatly increasing the location’s visibility. The site has a beneficial proximity to highly trafficked Texas thoroughfares, including Interstate 69C (132,940 AADT). The property is supported by a large customer base, with 203,522 residents living within a five-mile radius of the location. The location is primed to grow along with the surrounding area, with a projected nine percent average annual household income increase within three miles of the site in the next five years. San Juan has also experienced a 15 percent population increase within five miles of the site in the past 10 years, demonstrating the areas explosive and steady development.

The property greatly benefits from its central location near large retailers and community hubs. The property is outparcel an H-E-B Plus-anchored shopping center, funneling crossover traffic directly to the location. The site is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Costco, Target, Walgreens, Burger King, Domino’s Pizza, Subway, and many more. The location is beneficially placed across the street from new and future retail developments, including CarMax, Texas National Bank, Blue Wave Express Car Wash, and North Park Lexus Rio Grande Valley. The property is also located within a five-mile radius of five major shopping centers with a combined 257 stores and 3.1 million square feet of retail space. The location maintains a beneficial proximity to McAllen International Airport (approximately 432,000 annual passengers) and provides excellent access to purchasing power from the Reynosa-McAllen metroplex (population 1.5 million), South Texas region, and affluent northern Mexican markets.