1901 Mozelle St, Edinburg, TX 78577

Property Details for 1901 Mozelle St

Year built

2005

Lot size

0.64 lot acres

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a fee-simple interest in an 11,000-square-foot distribution/warehouse facility in Pharr, Texas, fully leased to Sunbelt Rentals, Inc., a subsidiary of Ashtead Group (S&P: BBB-). The property, situated on 0.635 acres at 1901 W Mozelle St, boasts a newly signed, seven-year net lease (NNN) with a commencement date of February 29, 2024, and an expiration date of April 30, 2031, leaving 6.4 years remaining. The lease includes attractive 4.00% annual rent increases, ensuring consistent cash flow growth. The property, built in 2005 and renovated in 2024, features a current NOI of $89,232, representing a 6.65% cap rate at the asking price of $1,342,000 ($122/sq ft). This strategically located asset is only 1.45 miles from the I-2 & I-69C interchange, providing easy access to the Pharr International Bridge and major transportation routes. The property is part of Sunbelt's Power & HVAC division, their largest specialty rental line, aligning perfectly with their ambitious five-year growth plan. Pharr's location within the rapidly expanding McAllen MSA, a leading port submarket for US-Mexico trade, further enhances the investment's appeal. The current rent is below market, offering significant upside potential. This is a rare opportunity to acquire a high-quality industrial asset with a strong tenant, attractive lease terms, and significant growth prospects in a dynamic market. The property's below-replacement-cost pricing adds to its compelling investment profile. The Texas location offers additional benefits, including no personal income tax and a strong business environment.

Location Insight

City

Edinburg

County

Hidalgo

State

Texas

Longitude

-98.1988

Latitude

26.2225