Take 5

Take 5

San Juan, TX

San Juan, TX

Take 5

Offered for sale is the opportunity to acquire a ground lease Take 5 in San Juan, Texas. The property consists of a 1,620-square-foot, freestanding building that sits on 0.69 acres of land. There are 7.6 years remaining on the current lease term, with 10% rental increases every five years.

Price $1,024,000
Cap Rate 6.35%
Building Size 1,620 sqft
Lot Size 0.69 acres
Year Built 2021
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Ground Lease with 7.6 Years Remaining
  • Over 167,374 Residents in a Five-mile radius
  • Great Visibility Along Cesar Chavez Rd/Expressway 83
  • 10 Percent Rental Increases Every Five Years
  • Only Four miles from Downtown Pharr, Texas
  • Less than Two miles from National Shrine, Basilica of Our Lady of San Juan del Valle
  • Current Seller Took Ownership by Deed in Lieu | Limited Inspection Material Available
  • Income Tax-Free State

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
Go to Top