209 Westgate Dr Weslaco, TX 78596-2703

Property Details for 209 Westgate Dr

Year built

2002

Lot size

1.29 lot acres

Property size

3,289 SF

Zone code

CO

Property type

Drive through restaurants

APN

R3755-00-001-0002-00

APU

R375500001000200

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.

Location Insight

City

Weslaco

County

Hidalgo

State

Texas

Longitude

-98.0073

Latitude

26.1638

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments