651 E Morrison Rd
Brownsville, TX
Price:
$6,880,000
Cap Rate:
5.25%
NOI:
$361,160
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 1.543 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2024
Investment Overview
- 2024 Construction. 4,650+/- SF Building on 1.543+/- Acre Site
- Brand New 15-Year Corporate NNN Lease with 7.5% Rental Increases Every 5 Years
- Large Format 7-Eleven – Sitting on 1.543 AC Parcel, New Store Features a Laredo Taco, 48 Parking Spaces and 6 MPDs
- High Growth Trade Area Next to the Sunrise Mall (100+ Stores and Restaurants)
- The Rio Grande Valley Continues To Be One of the Fastest Growing Regions in America
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Brownsville | 8th Largest MSA in Texas | Population: 186,738+