14407 Mines Rd Laredo, TX 78045

Property Details for 14407 Mines Rd

Year built

2015

Lot size

12.19 lot acres

Property type

Commercial real estate

APN

900-90181-015

APU

90090181015

Description

This exceptional investment opportunity presents a 20-year net lease on a freestanding Pilot Travel Center in Laredo, Texas. The property boasts a substantial 351,529 square foot building situated on an expansive 8-acre lot, complete with 159 parking spaces and 17 gas pumps. The lease features a single tenant, a Berkshire Hathaway subsidiary, with a subtenant food operator, ensuring consistent occupancy and revenue streams. The current NOI stands at $479,400, yielding a 5.00% cap rate on the $9,588,000 asking price. Significant rent bumps are built into the lease, with a 15% increase in year 6, and further increases of 12.5% in years 11 and 16, providing substantial long-term growth potential. The lease includes four, 5-year options, offering additional security and flexibility. This prime location is less than 3.5 miles from the World Trade Bridge, a key artery for over $1 billion in daily trade and over 3 million annual truck crossings. The property benefits from its proximity to the #1 ranked U.S. port (both inland and overall as of April 2023), positioning it within a high-traffic, high-growth commercial corridor. This is a rare opportunity to acquire a stable, high-performing asset in a strategically advantageous location with significant upside potential.