Subway 1020 N Meadow Ave

Investment Highlights

NNN Lease (Triple Net) with Four Years left on Primary Term. Tenant is an Experienced Operator with over 35 Locations across South Texas. Laredo?s economy revolves around commercial and industrial warehousing, import, and export. Located on a Hard Corner and Sees 25,000 +/- Vehicles Per Day. Laredo is the 11th most populous city in Texas.

Executive Summary

Marcus and Millichap is pleased to introduce an investment opportunity: a single-tenant net-leased Subway situated at 1020 N. Meadow, Laredo, Texas, with an impressive daily traffic count of approximately 25,000 vehicles. The lease structure is a triple-net lease (NNN) with a remaining primary term of four years. The tenant holds four additional five-year options, each accompanied by ten percent rental increases. Notably, the tenant is a seasoned operator with a portfolio spanning over 35 locations across southern Texas.Laredo is the 11th most populist city in Texas. More than 47% of United States international trade headed for Mexico and more than 36% of Mexican international trade crosses through the Laredo port of entry. Laredo's economy revolves around commercial and industrial warehousing, import, and export. As a major player in international trade, the Laredo area benefited from passage of the North American Free Trade Agreement, which has encouraged trade. The Laredo port of entry consists of four international bridges with a proposed fifth, crossing the Rio Grande into the Mexican states of Tamaulipas and Nuevo Le?n.NNN Lease (Triple Net) with Four Years left on Primary Term.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,590
• Year Built    2003
• Price    646,153
• Price Per SF    406
• Cap Rate    6.50
• NOI    42,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    0.31 AC