Income Producing 21,000 SF Warehouse in Weslaco, Texas
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||Net Leased Investment (NNN), Investment
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Overview / Comments
21,000 SF warehouse located at 2411 Joe Stephens Ave in Weslaco, Texas. 1.82 Acre property located in the Weslaco Industrial Park adjacent to the Mid Valley Regional Airport and 1 mile from Interstate 2. Tenant is a national tenant and recently signed a 5 year renewal. Tenant or its affiliates have been tenants since the mid nineties. Renewal has annual bumps of 2.5%. NNN Landlord responsible for roof and any HVAC or plumbing over $1,500. 6.1% cap rate.
||Located at 2411 Joe Stephens Ave. in Weslaco, Texas.
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