Loan Star Title Loans

1001 Texas Blvd N - Weslaco TX 78596

LTV (Loan to Value)	65.00%	Current NOI	$102,000.00
Interest Rate	4.250%	Capital Rate	8.500%
Fixed Term	10 Years	Land Area	0.50 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$715,000.00	Property Type	Retail
Payment	$3,873.43	Property Lease	Financial Services
Bulding Size	2,275 SF	Remaining Terms	8 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a free-standing LoanStar Title Loans with a long-term lease located at 1001 Texas Blvd. N in Weslaco, TX. Weslaco, the largest city in Hidalgo County, is part of the McAllen–Edinburg–Mission metropolitan area. Because of its position in the center of the Rio Grande Valley, the fastest growing region in Texas, the population has experienced an increase of 37.7% since the year 2000. The subject Property is a standalone LoanStar Title Loans, featuring a ten (10) year, NN lease (Landlord responsible for structure only), with two (2), five (5) year renewal options. The lease includes 10% rent increases every five years, during primary term and option periods. The subject Property is located near the intersection of Texas Boulevard North and US HWY 83. Nearby tenants include: HEB, Walmart, JCPenney, Lowe’s, Home Depot, Starbucks, Ross, Big Lots, UPS and Academy Sports + Outdoors, among others.

Highlights

Retail Location – The subject Property has excellent visibility at a high traffic intersection in South Texas (City of Weslaco)…

Property Description

Weslaco, the largest city in Hidalgo County, is part of the McAllen–Edinburg–Mission metropolitan area. The population was 37,093 at the 2013 Census, an increase of 37.7% since the year 2000. Weslaco derives its name from the W.E. Stewart Landing Company. Situated in the center of the Rio Grande Valley, the fastest growing region in Texas, the Weslaco community is rich with history. Weslaco is at the geographic center of the World Birding Center network, with a 230-plus acre refuge Estero Llano Grande State Park. The refuge attracts a spectacular array of South Texas wildlife as well as bird watchers and nature enthusiasts with its varied landscape of shallow lake, woodlands and thorn forest.