SPEEDY CASH 7120 San Bernardo Ave 2,406 SF Retail Building Laredo, TX 78041 £866,410 (£360.10/SF) 6.89% Net Initial Yield
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
£866,410
Price Per SF
£360.10
Net Initial Yield
6.89%
NOI
£59,669
Tenancy
Single
Number of Floors
1
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 | £136,443 |
| Land Assessment | £410,556 | Total Assessment | £546,999 |
