2300 North Expressway
Brownsville, TX
Price:
$2,293,500
Cap Rate:
7.50%
NOI:
$172,000
Building Size:
Approx. 950 Sq. Ft.
Lot Size:
Approx. 0.798 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2000 / 2022
Investment Overview
- 2022 Renovation. 950+/- SF Building on 0.79+/- Acre Site
- New 20 Year Absolute NNN Lease w/ 10% Rental Increases Every 5 Years
- High-Traffic Location Along Hwy 77 (107K VPD) and Ruben M Torres Blvd (36K VPD)
- Subject Property is Next to Sunrise Mall (Over 100 Stores and 967K Annual Visitors)
- Near Several Popular Foods Chains Including Whataburger, McDonald’s, McAlister’s, etc.
- UNICO Retail, LLC has Partnered with Phillips 66 to Remodel Several Gas Stations
- Brownsville | Part of the Rio Grande Valley | Population: 186,500+
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