4461 Expressway 83 Harlingen, TX 78552
- Retail properties
- 16,100 SF
- 1.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4461 Expressway 83
- Year built
- 2024
- Lot size
- 1.94 lot acres
- Property size
- 16,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 16,100-square-foot Class A auto shop in Harlingen, Texas. The property boasts a 15.1-year absolute net lease with Caliber Collision, the nation's largest collision repair provider, ensuring minimal landlord responsibilities. Built in 2024, this single-tenant retail space sits on a 1.94-acre lot at 4461 W Expy 83, 78552, in Cameron County. The lease features a 10% rent increase every five years, providing consistent income growth. The property's strong financial performance is reflected in its 6.35% cap rate and $343,212 net operating income (NOI). Its strategic location near major auto dealerships (Toyota, Hyundai, Chrysler, Kia, Chevrolet, Nissan), national retailers (Sam's Club, Bass Pro Shops, H-E-B, Walmart, Target), and Valle Vista Mall ensures high visibility and strong consumer traffic. The Rio Grande Valley's robust economy, with annual retail sales exceeding $5 billion, further enhances the investment's potential. The property's location within a densely populated area, experiencing significant growth, adds to its long-term value. The asking price is $5,404,913. This property offers significant tax benefits through accelerated depreciation and cost segregation. The lease expires on December 31, 2039.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.7301
- Latitude
- 26.1861
