SPEEDY CASH 7120 San Bernardo Ave 2,406 SF Retail Building Laredo, TX 78041 $1,592,267 CAD ($661.79 CAD/SF) 6.89% Cap Rate
EXECUTIVE SUMMARY
This is a TRUE NNN lease with the tenant paying taxes, insurance, and all maintenance. The tenant has been stable for the past 8 1/2 years and at this location since 2013. They have two-5 year extensions.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,406 SF
Building Class
B
Year Built/Renovated
1989/2014
Price
$1,592,267 CAD
Price Per SF
$661.79 CAD
Cap Rate
6.89%
NOI
$109,659 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.49 AC
Zoning
B-3
Parking
14 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 597181 | Improvements Assessment | $259,100 CAD |
| Land Assessment | $779,632 CAD | Total Assessment | $1,038,732 CAD |
