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Ojos Locos 1411 W Expressway 83 6,964 SF Retail Building Weslaco, TX 78596 $6,966,151 CAD ($1,000.31 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Strategic Highway Frontage and Population Growth
- Retail-Dominant Trade Corridor
- Corporate Guarantee
- Attractive Price Per Square Foot
Executive Summary
Surmount is pleased to present the exclusive listing for an Ojos Locos located at 1411 W Expy 83, Weslaco, TX 78596. The site consists of roughly 6,590 rentable square feet of building space on an estimated 2.37-acre parcel of land. This Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which commenced 4/6/2023. The current annual rent is $331,224 and has scheduled increases of 2.00% annually starting year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,964 SF
Building Class
B
Year Built
2023
Price
$6,966,151 CAD
Price Per SF
$1,000.31 CAD
Cap Rate
6.50%
NOI
$452,800 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.39 AC
Opportunity Zone
Yes
Parking
148 Spaces (23.35 Spaces per 1,000 SF Leased)
Frontage
204’ on West Expressway 83
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 6,339 SF
- Retail
- -
- Jul 2026
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,339 SF | Retail | - | Jul 2026 |
1st Floor
| Size |
| 6,339 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Jul 2026 |
Nearby Major Retailers
Property Taxes
| Parcel Number | H1060-00-000-0002-00 | Improvements Assessment | $1,241,039 CAD |
| Land Assessment | $1,977,421 CAD | Total Assessment | $3,218,460 CAD |
Property Taxes
Parcel Number
H1060-00-000-0002-00
Land Assessment
$1,977,421 CAD
Improvements Assessment
$1,241,039 CAD
Total Assessment
$3,218,460 CAD
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Ojos Locos | 1411 W Expressway 83
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