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1441 N Sunshine Strip
Harlingen, TX 78550
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-standing single tenant with 36 years of occupancy, ensuring reliable income stability.
- Zoned GR, providing flexibility for a variety of retail or street retail uses and future adaptability.
- Fully occupied asset delivering 100% occupancy and consistent cash flow for investors.
- Recently renovated in 2015, offering updated finishes and modern appeal for continued functionality.
- Prime location in the Rio Grande Valley market, surrounded by major attractions and high-traffic retail destinations.
- Freestanding building with strong visibility along Sunshine Strip, enhancing exposure and customer access.
EXECUTIVE SUMMARY
Presenting a prime opportunity for Retail / Street Retail investors, this property at 1441 N 77 Sunshine Strip boasts a well-maintained 4,483 SF building, fully occupied by a single tenant - Kips Kwik Lube for the past 36 Years! Originally constructed in 1989 and thoughtfully renovated in 2015, the property is zoned GR, offering flexibility for various retail uses. Situated in the desirable Rio Grande Valley area, its 100% occupancy provides a stable income stream. With its strong features and strategic location, this property presents an attractive investment prospect in the thriving retail market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
4,483 SF
Building Class
C
Year Built/Renovated
1989/2015
Price
$686,434 CAD
Price Per SF
$153.12 CAD
Cap Rate
8.15%
NOI
$55,973 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
0.63 AC
Zoning
GR - Located in the bustling Rio Grande Valley market.
Parking
15 Spaces (3.35 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 242220-0000-002000 | Improvements Assessment | $494,586 CAD |
| Land Assessment | $203,854 CAD | Total Assessment | $698,441 CAD |
PROPERTY TAXES
Parcel Number
242220-0000-002000
Land Assessment
$203,854 CAD
Improvements Assessment
$494,586 CAD
Total Assessment
$698,441 CAD
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