5008 W Expy 83 McAllen, TX 78503

Listing agency Red Oak Commercial

Listed by David Luther · License #TX 599555

Source Crexi

Added: Apr 12 Updated: Jul 21 at 10:51PM Checked: Jul 21 at 10:51PM

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Investment Insights

Based on property information with market context.

This NNN retail property is offered with a 16-year NNN lease structure and more than 15 years remaining. Tenant credit is supported by a strong tenant guarantee secured by Goodwill Industries of South Texas, which is noted to have annual revenues over $28mm and 75 years of operating history.

The asset is positioned for freeway visibility in McAllen along Expressway 83, with over 120k VPD referenced in the remarks. Retail demand is supported by a nearby mix of national retailers including HEB, Target, Ross, TJ Maxx, Office Depot, Petco, Five Below, Walmart, Kohls, and Cinemark.

Key Highlights

• NNN retail investment with a 16‑year lease featuring over 15 years remaining
• Tenant guarantee secured by Goodwill Industries of South Texas
• Goodwill Industries of South Texas has annual revenues over $28mm and 75 years of operating history

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FAQs

What type of property is this?

NNN property - NNN retail investment backed by Goodwill Industries of South Texas, with 15+ years remaining on lease.

Where is this nnn property located?

The property is located at 5008 W Expy 83 McAllen, TX.

What are key features of this property?

This property features: NNN retail investment with a 16‑year lease featuring over 15 years remaining; Tenant guarantee secured by Goodwill Industries of South Texas; Goodwill Industries of South Texas has annual revenues over $28mm and 75 years of operating history