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4461 Expressway 83 Harlingen, TX 78552

OFF-MARKET Retail properties & Spaces Google Maps
16,100 SF 1.94 ac lot Built 2024
Estimated value
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Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 16,100 SF
Lot 1.94 ac (84,506 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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