651 E Morrison Rd
Brownsville, TX
Price:
$7,223,200
Cap Rate:
5.00%
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 Absolute NNN Lease w/ 7.5% Rental Increases Every 5 Years
- Excellent Location at Intersection of Morrison Rd & Pablo Kisel Blvd (46,000+ Combined VPD)
- Large Format 7-Eleven Features Laredo Taco, 48 Parking Spaces and 6 MPDs
- High Growth Trade Area Next to Sunrise Mall With 100 Stores and Restaurants
- 7-Eleven Is the Largest Convenience Store Chain in the World With 85,000 Stores
- Brownsville, TX | 8th Largest MSA in Texas | Population: 186,738