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N 23rd & E Expressway 83 st 4,853 SF Retail Building Penitas, TX 78576 $11,029,473 CAD ($2,272.71 CAD/SF) 5% Cap Rate
Investment Highlights
- Rent Commencement: May 27, 2026 (Estimated); 15-Yr Abs. NNN Lease with 10% Rent Increases Every 5 Yrs in both Primary Term & Option Periods
- Adjacent to the Future Penitas Crossing, 58 AC Retail Center – Burlington, Ross, Marshalls, Five Below, LongHorn Steakhouse, and Olive Garden
- Prime Location within Liberty Corners Retail Center with Direct Frontage on US-83; Shadow-Anchored by Walmart & Home Depot
- Penitas, TX – Rapidly Transforming into a Regional Retail Destination Fueled by Millions in Investment from Major National Retailers & More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,853 SF
Building Class
B
Year Built
2026
Price
$11,029,473 CAD
Price Per SF
$2,272.71 CAD
Cap Rate
5%
NOI
$551,461 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.04 AC
Opportunity Zone
Yes
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | H4250-01-000-0233-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,188 CAD | Total Assessment | $5,188 CAD |
Property Taxes
Parcel Number
H4250-01-000-0233-00
Land Assessment
$5,188 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,188 CAD
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N 23rd & E Expressway 83 st
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