Current Use by Public Records
- Retail properties & Spaces
Property Details for 2 Interstate Hwy
- Year built
- 2023
- Lot size
- 1.26 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 950 square foot Dutch Bros Coffee location situated on a 1.26-acre lot in San Juan, Texas. The property boasts a new 15-year absolute NNN ground lease, commencing March 8, 2024, and expiring March 31, 2039, with a remaining term of 14.5 years. The lease includes rent bumps, providing a passive, long-term income stream. The property's strategic location on W Interstate Hwy 2, with access from U.S. 83 Frontage Road, benefits from high visibility and exceptional daily traffic counts exceeding 120,577 vehicles. This prime location is surrounded by major national retailers, including H-E-B Plus!, Walgreens, CarMax, and more, ensuring a robust customer base. Its proximity to significant community hubs, such as the Basilica of Our Lady of San Juan del Valle and the University of Texas Rio Grande Valley, further enhances its appeal. The property's strong demographics, with a population of 210,309 residents within a 5-mile radius and projected growth, contribute to its long-term investment potential. The current Net Operating Income (NOI) is $89,931, yielding a 5.75% cap rate, and the asking price is $1,565,000. The tenant, Dutch Bros Coffee, is a rapidly growing national brand with a strong corporate guarantee. This property is ideally suited for a 1031 exchange. The year built is 2023.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1597
- Latitude
- 26.2027
