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ABO Plasma 1002 Grant St

25,916 SF 100% Leased Retail Building Laredo, TX 78040 $6,662,109 CAD ($257 CAD/SF) 8% Cap Rate

Investment Highlights

  • Single Tenant, Net-Lease Investment - Minimal landlord responsibilities
  • Located in the Heart of Downtown Laredo - A one-minute walk from America’s International Bridge & Across the street from historic San Augustin Plaza
  • Available for Purchase Below Replacement Cost - ABO Plasma has spend over $4.5 million solely on renovation expenses
  • E-Commerce Resistant Essential Business - Plasma collection can’t take place online and donation centers are classified as an essential business
  • Populous Laredo/Nuevo Laredo MSA - This densely populated area is home to 900,000 people

Executive Summary

The Property’s location is strategic for a plasma center due to its position equi-distant to the Americas International Bridge (2.1 million pedestrian crossings in 2023 and 2.3 million in 2024) and the Juarez-Lincoln International Bridge (4.8 million vehicular crossings anticipated in 2024). This plasma center is also across the street from San Augustin Plaza, a historic community gathering space in Laredo. Approximately 8%-10% of plasma collected in the US originates from border Plasma Donation Centers similar to this one. This concentration accounts for around $2 billion of the $20 billion US Plasma industry, highlighting the significance of the select plasma centers along the US/Mexico border.
ABO Plasma is renovating the building with a $4.5 million dollar investment, dedicating the first floor (12,500 sf) to plasma donations, and the second floor to employee offices, rest areas, and corporate training. Once complete, ABO will sign a new 10- year NNN lease.
Laredo, the second largest city on the Texas-Mexico border, boasts a population of 260,000 residents on the US side. Nuevo Laredo is located across the Rio Grande and has a population of 636,000, forming a combined metropolitan area of approximately 900,000 people.

Property Facts

Sale Type
Investment NNN
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
25,916 SF
Building Class
C
Year Built/Renovated
1973/2025
Price
$6,662,109 CAD
Price Per SF
$257 CAD
Cap Rate
8%
NOI
$532,969 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.78
Land Acres
0.33 AC

Amenities

  • Corner Lot
  • Security System
  • Signage
  • Accent Lighting
  • Storage Space
  • Air Conditioning
  • Smoke Detector
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
159607
Land Assessment
$502,954 CAD
Improvements Assessment
$1,347,923 CAD
Total Assessment
$1,850,877 CAD
  • Listing ID: 33329179

  • Date on Market: 2024-09-27

  • Last Updated:

  • Address: 1002 Grant St, Laredo, TX 78040

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