4801 Us Highway 83 Rio Grande City, TX 78582
- Commercial real estate
- 950 SF
- 0.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4801 Us Highway 83
- Year built
- 2024
- Lot size
- 0.80 lot acres
- Property size
- 950 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 950 square foot Dutch Bros Coffee location situated on a 0.8-acre lot at 4801 E US Highway 83 in Rio Grande City, Texas, 78582. The property boasts a 15-year absolute NNN ground lease commencing December 5, 2024, and expiring December 31, 2039, with built-in rent bumps. The lease includes a corporate guarantee from Dutch Bros Coffee, providing significant security for investors. The property benefits from a high-traffic location on US Highway 83, with over 54,000 vehicles passing daily. This prime location is surrounded by major national retailers, including Walmart, Starbucks, AMC Theatres, and numerous fast-food chains, ensuring a robust customer base. The property's proximity to established shopping centers anchored by Walmart, Tractor Supply Co., and H-E-B further enhances its appeal. A stable customer base is supported by a population of 25,951 residents within a 5-mile radius, with projected population and income growth over the next five years. The property's proximity to residential areas in Rio Grande City and Las Lomas provides convenient access for customers. The current Net Operating Income (NOI) is $93,705, resulting in a 5.75% cap rate. The asking price for this exceptional investment is $1,630,000. This offering is ideal for a 1031 exchange.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio Grande City
- County
- Starr
- State
- Texas
- Longitude
- -98.7886
- Latitude
- 26.3631707
