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HTeaO 655 S Bibb Ave 2,500 SF Retail Building Eagle Pass, TX 78852 $2,719,220 CAD ($1,087.69 CAD/SF) 6.40% Cap Rate
Investment Highlights
- 10-Year Absolute NNN Single-Tenant Drive-Thru Asset in the Emerging South Texas Submarket of Eagle Pass, TX
- Positioned 0.7 miles from San Luis Elementary School, of Eagle Pass Independent School District which has 14,000+ Students Enrolled
- Nearby Developments Include 12-Lane Expansion of Camino Real International Bridge, 2024-Build $9.6MM Hyatt Place Hotel, & 80-Acre National Guard Base
- Primary Lease Term Through March 2034; 10% Escalations Every 5 Years Including Each of the Four, 5-Year Renewal Options
- Primary Lease Term Through March 2034; 10% Escalations Every 5 Years Including Each of the Four, 5-Year Renewal Options
- Neighboring National Tenant Retailers Include Walmart Supercenter, H-E-B Grocery Store, Lowe’s Home Improvement, Chickfil- A, Academy
Executive Summary
HTeaO is an absolute-NNN, single-tenant drive-thru asset located in the emerging South Texas submarket of Eagle Pass. The Tenant has a recent 10-year lease through March 2034, personally guaranteed. Built in 2024, HTeaO is a 2,500 square feet asset with a drive-thru, providing long-term residual value. The lease offers passive ownership with zero landlord responsibilities and 10% rent escalations every 5 years, including each of the four 5-year renewal options. The Property benefits from strong access and visibility, situated on +/- 1.09 acres along South Bibb Avenue, which feeds into key transportation corridors, U.S. Highway 277 and U.S. Highway 57. Neighboring national credit retailers include Walmart Super Center, Lowe’s Home Improvement, Ross Dress for Less, Chick-fil-A, and Dollar General amongst others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2023
Price
$2,719,220 CAD
Price Per SF
$1,087.69 CAD
Cap Rate
6.40%
NOI
$174,030 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.09 AC
Frontage
196’ on South Bibb Avenue
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9003990 | Improvements Assessment | $507,177 CAD |
| Land Assessment | $809,458 CAD | Total Assessment | $1,316,635 CAD |
Property Taxes
Parcel Number
9003990
Land Assessment
$809,458 CAD
Improvements Assessment
$507,177 CAD
Total Assessment
$1,316,635 CAD
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HTeaO | 655 S Bibb Ave
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