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Smoothie King 1709 W University Dr 1,638 SF Retail Building Edinburg, TX 78539 $1,298,224 CAD ($792.57 CAD/SF) 6% Cap Rate
Investment Highlights
- 2022 Construction. 1,638+/- SF Building. 0.378+/- Acre Site
- Strategically Located Right Next to The University of Texas Rio Grande Valley – 35,810 Students & ~3,000 Staff Members
- Smoothie King is a Leading National Health-QSR Brand with 1,246 U.S. Locations & $728M System-Wide Sales
- Subject Property is located on University Dr (31,590+ VPD), a Major East-West Thoroughfare in Edinburg
- Located Across from Walmart Supercenter & Near Planet Fitness, Whataburger, Lowe’s, Chick-fil-A, 7 Brew Coffee, & More
- Edinburg | Part of Growing McAllen–Edinburg–Mission MSA | Population: 108,733+
Executive Summary
10-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years, and (4) 5-Year Options to Renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,638 SF
Building Class
B
Year Built
2022
Price
$1,298,224 CAD
Price Per SF
$792.57 CAD
Cap Rate
6%
NOI
$77,893 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.38 AC
Zoning
Commercial
Frontage
76’ on West University Drive
Amenities
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | W3600-03-000-0010-00 | Improvements Assessment | $320,646 CAD |
| Land Assessment | $353,170 CAD | Total Assessment | $673,816 CAD |
Property Taxes
Parcel Number
W3600-03-000-0010-00
Land Assessment
$353,170 CAD
Improvements Assessment
$320,646 CAD
Total Assessment
$673,816 CAD
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Smoothie King | 1709 W University Dr
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