2612 E US Hwy 83, Rio Grande City, TX

Listing agent Hudson Lambert Show Phone

Listing office STRIVE Show Phone

Listing date Nov 28, 2025

Source Moodyscre

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Overview

This single-tenant property is occupied by a long-term operating T-Mobile store (NASDAQ: TMUS), which recently exercised its renewal for 5 years with a 10% rent increase scheduled for August 2025. The NN lease structure requires the tenant to reimburse for CAM, taxes, and insurance, providing limited landlord exposure and predictable cash flow. The property is offered at a 7% cap rate. Situated on a prime hard corner location, the property benefits from high traffic exposure, with visibility to over 34,000 vehicles per day. The location sees 59,400 visits annually, ranking in the top 17% of all 3,987 T-Mobile locations. The surrounding area features stable demographics and border-market growth; the overall Rio Grande Valley’s population is projected to grow by 16.1% by 2034. Nearby national retail anchors include Walmart Supercenter, H-E-B Plus, Tractor Supply Co, Sherwin Williams, Chick-Fil-A, Starbucks, IHOP, Whataburger and Take 5 Oil Change.

Suggested Use

Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Rio Grande City

County

Starr

State

Texas

Longitude

-98.8549

Latitude

26.3712

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FAQs

What type of property is this?

Retail space - NNN leased T-Mobile store with renewal and rent increases.

Where is this retail space located?

The property is located at 2612 E US Hwy 83 Rio Grande City, TX.

What is the asking price?

The asking price for this property is $1,335,000.

What are key features of this property?

This property features: Long‑term T‑Mobile tenant with recently exercised 5‑year renewal and a 10% rent increase scheduled for August 2025.; Attractive 7% cap rate for a single‑tenant asset.; NN Lease structure with tenant reimbursing for CAM, taxes, and insurance, providing limited landlord exposure and predictable cash flow.