209 N Westgate Dr, Weslaco, TX

Listing agent Kyle Varni Show Phone

Listing office Secure Net Lease - Dallas Show Phone

Listing date Dec 11, 2024

Source Moodyscre

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Overview

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+.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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Location Insight

• Map
• Local Demand

City

Weslaco

County

Hidalgo

State

Texas

Longitude

-98.0069

Latitude

26.1675

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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.