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1918 Veterans Blvd 7,926 SF Retail Building Del Rio, TX 78840 $3,379,311 CAD ($426.36 CAD/SF) 5.45% Cap Rate
Investment Highlights
- 2023 Construction. 7,926+/- SF Building on 2.1+/- Acre Site
- Expanded Binational Trade Area of 235,000+ Residents Driven by Cross-Border Traffic from Ciudad Acuña
- Texas Roadhouse Generates $8MM+ Average Unit Volumes with Strong Same-Store Sales Growth
- Excellent Location Along Veterans Boulevard (U.S. Highways 90, 277 & 377) (29,000 VPD)
- 5-Mile Trade Area Includes 41,000+ Residents and 14,000+ Employees with Avg. HH Income of $74,630
- Del Rio | Binational Trade Hub Supporting 235,000+ Residents | Population: 34,465
Executive Summary
15-Year Ground Lease w/ 10% Rental Increases Every 5 Years in the Primary Term and Options
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,926 SF
Building Class
B
Year Built
2023
Price
$3,379,311 CAD
Price Per SF
$426.36 CAD
Cap Rate
5.45%
NOI
$184,172 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.10 AC
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21348 | Improvements Assessment | $2,602,927 CAD |
| Land Assessment | $760,451 CAD | Total Assessment | $3,363,378 CAD |
Property Taxes
Parcel Number
21348
Land Assessment
$760,451 CAD
Improvements Assessment
$2,602,927 CAD
Total Assessment
$3,363,378 CAD
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1918 Veterans Blvd
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