1411 Interstate Hwy San Juan, TX 78589
- Retail properties
- 5,105 SF
- 1.47 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1411 Interstate Hwy
- Year built
- 2023
- Lot size
- 1.47 lot acres
- Property size
- 5,105 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 5,105-square-foot Chili's Grill & Bar located in San Juan, Texas, within the McAllen-Edinburg-Mission MSA. Built in 2023, this single-tenant, net-lease property sits on a 1.47-acre lot and boasts 105 parking spaces. The lease, a ground lease with a remaining term of approximately 8.2 years, features a 10% rent increase in 2028 and in each of four, five-year renewal options. The property enjoys a 5.50% cap rate and a current NOI of $130,000. This high-performing location ranks within the top 22% of Chili's restaurants nationwide and the top 21% in Texas based on visitor data. Its strategic location along East Interstate Highway 2 (102,481 vehicles per day), approximately 6 miles east of downtown McAllen, provides excellent visibility and accessibility. The property benefits from its proximity to major roadways and a dense concentration of complementary businesses, including Olive Garden, Denny's, Walmart Supercenter, Planet Fitness, and numerous other retail establishments. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving market. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.1362
- Latitude
- 26.1926
