Phillips 66 – El Mercato & Co. Brownsville, TX

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+