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    307 Expressway 83 E Mission, TX 78572

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    For Sale
    $2,640,000

    New construction retail building with a corporate net lease.

    Property size:
    2,395 SF
    Lot size:
    0.58 Acres

    Property Features for 307 Expressway 83 E

    General Information

    Size
    2,395 SF
    Lot size
    0.58 Acres

    Source: Secure Net Lease - Dallas Agent Edward "Ed" Benton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Building For Sale

    This property features a 2,395 square foot building on a 0.58 acre site, with construction planned for 2025. It is subject to a new 10-year corporate net lease that includes 10% rental increases every 5 years throughout the primary term and renewal options. The property benefits from its location along Expressway 83, which sees a traffic volume of 112,286 vehicles per day, situating it within a major regional retail corridor. The surrounding area includes Walmart, Home Depot, McDonald’s, and T-Mobile. It is also located minutes from Mission Regional Medical Center, which employs over 1,000 individuals, and the University of Texas Rio Grande Valley (UTRGV), with a student population of 32,441. The property is located in Mission, Texas, which has the highest median household income in the Rio Grande Valley, and a population of 88,251.
    Location Intelligence

    Current Use by Public Records

    Starbucks cafe Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jitterz on Bryan, Starbucks cafe, Texas Healthnut Express

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.324845
    Latitude
    26.20192

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    FAQs

    What type of property is this?
    Coffee shop - New construction retail building with a corporate net lease.
    Where is this coffee shop located?
    The property is located at 307 Expressway 83 E Mission, TX.
    What is the asking price?
    The asking price for this property is $2,640,000.
    What are key features of this property?
    This property features: - Brand new 10-year corporate net lease with 10% rental increases every 5 years.; - Excellent location along Expressway 83 (112,286 VPD) in a major regional retail corridor.; - High-traffic location directly surrounded by Walmart, Home Depot, McDonald’s, and T-Mobile.
    (713) 222-2111
    Request Owner's contact information
    307 Expressway 83 E Mission, TX 78572
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    Mission, TX 78572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Expressway 83 E Mission, TX 78572
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