1002 Grant St Laredo, TX 78040-5813

This exceptional investment opportunity presents a 25,916 square foot, Class A retail property in Laredo, Texas, currently 100% occupied by ABO Plasma under a triple-net lease. The property, situated on a 14,193 square foot lot at 1002 Grant St, Laredo, TX 78040, boasts a newly renovated (2024) two-story building constructed in 1973. The lease, commencing December 1, 2024, and expiring November 30, 2034, offers a substantial 10-year term with three 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $376,000, resulting in an attractive 8.00% cap rate. The asking price is $4,700,000. ABO Plasma, a corporate-guaranteed tenant, occupies the entire space, utilizing approximately 12,500 square feet on the first floor for plasma donations and the remaining space for offices, rest areas, and corporate training. The property benefits from a prime location in downtown Laredo, near major international bridges and a historic plaza, serving a large and growing population. This sale-leaseback opportunity offers minimal landlord responsibilities and is considered an e-commerce resistant, essential business. The property is available for purchase below replacement cost, considering the recent $4.5 million renovation. The permitted zoning is commercial.