209 N Westgate Dr Weslaco, TX
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New construction retail property with long-term NNN lease.
Type:RETAIL
Property size:
1,430 SFLot size:
1.29 AcresPrice / SF:
$777/SF- Added:
- Dec 11, 2024
- Days on Market:
- 499
- Last Refresh:
- Apr 5 at 10:42 pm
Property Features for 209 N Westgate Dr
General Information
- Standard status
- Active
- Size
- 1,430 SF
- Lot size
- 1.29 Acres
- Property subtype
- RETAIL
Listing agent Bob Moorhead
Listing office Secure Net Lease - Dallas (214) 522-7200
Listing date Dec 11, 2024
Source Moodyscre
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 Secure Net Lease - Dallas
Overview
New Weslaco Retail Opportunity
Constructed in 2023, this property features a 1,430 square foot building on a 0.58 acre site. It is subject to a brand new 15-year absolute NNN ground lease that includes 10% rental increases every 5 years, along with four 5-year options to renew. The property benefits from high traffic counts and visibility on Westgate Drive and BUS 83, with a combined 45,500+ vehicles per day. It is located just off Interstate 2, which sees 24,500+ vehicles per day, and directly across the street from a high-performing H-E-B. The surrounding area boasts exceptional demographics, with the average household income in the 1, 3, and 5-mile radius all over $160,000. The property is located in Weslaco, within the McAllen-Edinburg-Mission MSA, the 5th largest in Texas. Weslaco has a population of 43,864+.
Location Intelligence
Current Use by Public Records
El Pato Mexican ...
Restaurant
Similar Places Nearby
- 4 Ace Road Service — 2702 Alondra Dr, Weslaco, TX 78599
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.0069
- Latitude
- 26.1675
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - New construction retail property with long-term NNN lease.
Where is this auto shop located?
The property is located at 209 N Westgate Dr Weslaco, TX.
What is the asking price?
The asking price for this property is $1,111,111.
What are key features of this property?
This property features: 15‑year absolute NNN ground lease with 10% rental increases every 5 years, plus (4), 5‑year options to renew.; Located directly across the street from extremely high performing H‑E‑B.; Exceptional demographics – **average household income over $160,000** in 1, 3, and 5‑mile radius.
