High Volume Anchor: Main Event (Dave & Busters) anchors the property and has strong site level sales in excess of their percentage rent breakpoint.
Passive Lease Structure: Main Event, TruFit Athletic Club, and Parry’s Pizza all have NNN lease structures with staggered expirations and upcoming rental escalations within two years.
Prime Retail Positioning: The asset is part of Sunrise Mall, a 740,000 SF regional mall with visibility and access along I-69E. I-69 has over 106,000 VPD and is the main thoroughfare connecting the US and Mexico.
Future Value Add Opportunity: The parcel allows for an approximate 1.5 acre pad site, providing the landlord with future development upside.
National Retail Corridor: Other national retailers in the area include Lowe’s, Hobby Lobby, Wells Fargo, Firestone, Whataburger, McDonalds, Starbucks, and more.
Strong Local Population Growth: Brownsville is the largest city in the Rio Grande Valley and has projected 5 year population growth of 4% within 1 mile of the site.
Growing Aerospace Industry: Space X’s Boca Chica launch site is 25 minutes from the site and will be used for the Starship launch vehicle.