209 Westgate Dr, Weslaco, TX 78596-2703
- Drive through restaurants
- 3,289 SF
- 1.29 lot acres
Current Use by Public Records
- El Pato Mexican Food / Restaurant
Property Details for 209 Westgate Dr
- Year built
- 2002
- Lot size
- 1.29 lot acres
- Zone code
- CO
- Property type
- Drive through restaurants
- APN
- R3755-00-001-0002-00
- APU
- R375500001000200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 18, 2023 | — | Take 5 Properties Spv LLC | Rs Weslaco LLC | Lease | — |
| Feb 20, 2019 | — | B L W INC | El Pato Mexican Food LP | Grant Deed · related | — |
| Sep 8, 2017 | — | Tez Properties LLC | — | Loan Modification · related | $5.4M · International Bk |
Description
This exceptional investment opportunity presents a brand-new, 1,430-square-foot Take 5 Oil Change located at 209 N Westgate Dr, Weslaco, TX 78596. The property sits on a 0.58-acre lot and boasts a 15-year absolute NNN ground lease commencing November 1, 2023, and expiring November 1, 2038, with four 5-year renewal options. Rent increases by 10% every five years, ensuring consistent income growth. The property benefits from a corporate guarantee, providing added security. The building, constructed in 2023, enjoys exceptional visibility and high traffic counts on Westgate Dr and Bus 83 (combined 45,500+ vehicles per day), with proximity to Interstate 2 (24,500+ VPD). Its strategic location directly across from a high-performing H-E-B grocery store further enhances its appeal. The surrounding area demonstrates strong demographics, with average household incomes exceeding $160,000 within 1, 3, and 5-mile radii. The current Net Operating Income (NOI) is $65,000, resulting in a 5.85% cap rate. The asking price is $1,111,111, translating to $777 per square foot. Take 5 Oil Change, a national leader in quick oil changes, brings a proven track record and strong brand recognition to this investment. This property offers a compelling combination of a secure lease, strong tenant, and excellent location within the McAllen-Edinburg-Mission MSA, the fifth largest in Texas. Weslaco's population exceeds 43,864.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Weslaco
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.0073
- Latitude
- 26.1638
- CBSA code
- 32580
- CBSA name
- MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA
