Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Shops Blvd
- Year built
- 2024
- Lot size
- 1.65 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 5,362 square foot Chick-fil-A restaurant in Donna, Texas. Located within the Shops at 493, a thriving 200,000 square foot retail power center anchored by a Walmart Supercenter, this property boasts a prime location on Expressway 83 and FM 493, a high-traffic area with over 132,801 vehicles passing daily. The single-tenant, Class A building sits on a 1.65-acre lot with ample parking (80 spaces) and benefits from a 15-year absolute NNN lease with a credit-rated tenant. The lease includes a 10% rent increase every five years, ensuring strong future returns. Built in 2024, this property offers a 4.00% cap rate and a net operating income (NOI) of $145,000. The asking price is $3,625,000, translating to $676.05 per square foot. This is a secure, long-term investment with a highly reputable tenant and significant growth potential in a rapidly developing retail area. The property is zoned for commercial use. The strong tenant, favorable lease terms, and prime location make this a compelling investment opportunity.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Donna
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.0437
- Latitude
- 26.1811
