OFFERING SUMMARY
Price: $1,650,000
Cap Rate: 6.40%
NOI: $105,850
Gross Leasable Area: 5,000 SF
OFFERING HIGHLIGHTS
- Best In Class Tenant – FedEx provides services such as shipping, copying, printing, marketing, and office services. They deliver over one million packages a day by land, air, and sea.
- Potential value-add – FedEx recently executed a five year option, extending the lease to 2029. They have one, five-year option remaining, allowing an incoming investor the potential to maximize value.
- Strong Population- With over 250,000 residents within five miles and continued growth in the submarket, this location will only continue to succeed.
- Destination retail corridor – North 10th Street sees over 30,000 vehicles per day, attracting a multitude of national retailers, which makes this street a one stop shop for all residents of McAllen.
