2320 Frontage Rd - Retail FOR SALE


Brownsville, TX 78521
$18,000,000 USD
407-913-9009
2320 Frontage Rd, Brownsville, TX for Sale
$18,000,000 USD
Retail - FOR SALE
1/4
null | 8.55% Cap Rate

2320 Frontage Rd
Brownsville, TX 78521


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

8.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Event, TruFit Athletic Club & Parry’s Pi

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

847

LAND DETAILS

LAND ACRES

11.44 AC

LAND SF

498,326 SF

ZONING

CS

APN/PARCEL ID

069250-0000-001000

ASK ABOUT THIS PROPERTY

Connor ShellStream Capital PartnersMore Info
407-913-9009

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Connor ShellStream Capital PartnersMore Info
407-913-9009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.