2419 Boca Chica Blvd - Fast Food FOR SALE


Brownsville, TX 78521
$3,906,000 USD
480-221-4221
2419 Boca Chica Blvd, Brownsville, TX for Sale
$3,906,000 USD
Fast Food - FOR SALE
1/4
null | 5.25% Cap Rate

2419 Boca Chica Blvd
Brownsville, TX 78521


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Options to Extend
  • Absolute NNN | Fee Simple Ownership
  • Boca Chica Square | High Traffic Area | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 8+ years remaining on their initial lease with 3 (5-year) options to extend • The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,906,000 USD

PRICE/SF

$1,245 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger - Brownsville TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,219 SF

ZONING

C

APN/PARCEL ID

049200-1060-003200

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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