1411 E Expressway 83 | San Juan, TX 78589
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1411 E Expressway 83
San Juan, TX 78589
Chili's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10-Year Ground Lease with built in rental escalations every 5 years
- Rio Grande Valley is Chili’s most profitable market in the country
- Low Cost, Low Responsibility Property - (Tenant maintains Property through lease term)
- 4, 5-Year Renewal Options - (10% base rent increase each option period)
- Excellent Location and Access: Positioned on HWY 83 & I-2 seeing over 122,000 VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,105 SF
Building Class
C
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.47 AC
Zoning
EC - Expressway Corridor
Parking
105 Spaces (20.57 Spaces per 1,000 SF Leased)
Frontage
194’ on East Interstate Highway 2
PROPERTY TAXES
| Parcel Number | P7544-00-000-0003-00 | Improvements Assessment | $1,479,892 |
| Land Assessment | $887,315 | Total Assessment | $2,367,207 |
PROPERTY TAXES
Parcel Number
P7544-00-000-0003-00
Land Assessment
$887,315
Improvements Assessment
$1,479,892
Total Assessment
$2,367,207
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