NNN Drive-Through
For Sale
Contact for pricing
Pending
1414 W University Dr, Edinburg, TX 78539
Corporate-guaranteed lease with dual drive-thru service and no landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 1414 W University Dr
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
30,200 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This newly built Taco Palenque property conveys the fee simple interest in the land and building and is leased on an absolute NNN basis. The restaurant includes dual drive-thru lanes and operates under a corporate guarantee from Palenque Investments, LLC. The lease has 11 years remaining, followed by three 5-year extension options, with 10% rent increases scheduled every 5 years during the initial term and at each option commencement. Landlord obligations are eliminated under the absolute NNN structure.
The restaurant occupies 1414 W University Dr in Edinburg, along a major retail corridor recording 30,200 vehicles per day. Nearby national and credit tenants include Walmart Supercenter, Lowe’s, Dollar Tree, Staples, Chick-fil-A, AutoZone, O’Reilly Auto Parts, Bank of America, and Walgreens. The site is across from the University of Texas Rio Grande Valley, which has 28,500 enrolled students. The surrounding 5-mile area includes more than 168,000 residents and 55,000 employees.
The restaurant occupies 1414 W University Dr in Edinburg, along a major retail corridor recording 30,200 vehicles per day. Nearby national and credit tenants include Walmart Supercenter, Lowe’s, Dollar Tree, Staples, Chick-fil-A, AutoZone, O’Reilly Auto Parts, Bank of America, and Walgreens. The site is across from the University of Texas Rio Grande Valley, which has 28,500 enrolled students. The surrounding 5-mile area includes more than 168,000 residents and 55,000 employees.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- 11 years remaining plus 3 (5‑year) extension options
- 10% rental increases every 5 years during the initial term and each option period
Property Analytics
Property Profile
Current Use
Lease Details
30,200 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed lease with dual drive-thru service and no landlord responsibilities.
Where is this nnn property located?
The property is located at 1414 W University Dr Edinburg, TX.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; 11 years remaining plus 3 (5‑year) extension options; 10% rental increases every 5 years during the initial term and each option period
