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Pilot Travel Center 14407 Mines Rd

12,000 SF Retail Building Laredo, TX 78045 £7,502,131 (£625/SF) 5% Net Initial Yield

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Investment Highlights

$56 billion revenue company
Huge 8 Acre Lot

Berkhsire Hathaway Subsidiary
20 Year Absolute Net Lease

Executive Summary

Pilot Travel Center is located less than 3.5 miles from the World Trade Bridge, which sees over 3 million truck crossings per year. This deal offers a 20-year NNN ground lease with a 15% rental increase in year 5.

Pilot_LaredoTX_

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Truck Stop

Building Size

12,000 SF

Building Class

Year Built

2014

Price

£7,502,131

Price Per SF

£625

Net Initial Yield

NOI

£375,107

Tenancy

Single

Number of Floors

Building FAR

0.03

Land Acres

8.00 AC

Zoning

C - Commercial

Frontage

25 ft on Mines Road

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PROPERTY TAXES

Parcel Numbers	Multiple 205902 458410	Improvements Assessment	£534,434
Land Assessment	£1,745,438	Total Assessment	£2,279,872

PROPERTY TAXES

Parcel Numbers

Multiple

205902
458410

Land Assessment

£1,745,438

Improvements Assessment

£534,434

Total Assessment

£2,279,872

Listing ID: 32095702
Date on Market: 11/06/2024
Last Updated:
Address: 14407 Mines Rd, Laredo, TX 78045

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14407 Mines Rd, Laredo, TX for sale Building Photo- Image 1 of 12 — Pilot_LaredoTX

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 2 of 12 — 30577---14407-Mines-Rd-Laredo-TX-21

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 3 of 12 — 30577---14407-Mines-Rd-Laredo-TX-20

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 4 of 12 — 30577---14407-Mines-Rd-Laredo-TX-15

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 5 of 12 — 30577---14407-Mines-Rd-Laredo-TX-17

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 6 of 12 — 30577---14407-Mines-Rd-Laredo-TX-19

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 7 of 12 — 30577---14407-Mines-Rd-Laredo-TX-24

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 8 of 12 — 30577---14407-Mines-Rd-Laredo-TX-25

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 9 of 12 — 30577---14407-Mines-Rd-Laredo-TX-1

14407 Mines Rd, Laredo, TX for sale Building Photo- Image 10 of 12 — Building Photo

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