2491 Boca Chica Blvd - Retail FOR SALE


Brownsville, TX 78521
$2,667,000 USD
858-449-9922
2491 Boca Chica Blvd, Brownsville, TX for Sale
$2,667,000 USD
Retail - FOR SALE
1/11
null | 4.5% Cap Rate

2491 Boca Chica Blvd
Brownsville, TX 78521


HIGHLIGHTS

  • RARE Absolute NNN 15-Year Ground Lease | 3-D Printed 2025 Construction | 30-Years of Options with Increases
  • Investment-Grade Tenant (BBB+/Baa1) | World’s Largest Coffee Chain | Top Ranked Company
  • Strategic Location | Surrounded by Top National Retailers | Excellent Traffic and Access

OVERVIEW

RARE Absolute NNN 15-Year Ground Lease | 3-D Printed 2025 Construction | 30-Years of Options with Increases The tenant recently signed a new 15-year absolute NNN ground lease, offering a hands-free investment property for an out-of-town investor 10% rent increases every 5 years throughout the primary term and (3) 10-year option periods provide a hedge against inflation New 2025 construction built 100% with 3-D printing technology, the first Starbucks location of its kind Investment-Grade Tenant (BBB+/Baa1) | World’s Largest Coffee Chain | Top Ranked Company Investment grade tenant – the corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations across 80 countries, a BBB+/Baa1 credit rating from S&P and Moody’s, and $36B in annual revenue Ranked #1 in the Food Services Industry and #126 overall on the Fortune 500 Strategic Location | Surrounded by Top National Retailers | Excellent Traffic and Access Strategically located on Boca Chica Boulevard, a major east-west thoroughfare, between a Walmart Supercenter ranked in the top 94% of all Walmart locations nationwide according to Placer.ai and an H-E-B Grocery, providing a steady customer base High-traffic location – situated on Boca Chica Boulevard with ~39,000 VPD, two blocks east of I-69 East with ~106,000 VPD Excellent access and visibility from Boca Chica Boulevard and Los Ebanos with ample parking and drive-through options Robust Demographics | Growing Population and Household Incomes | No State Income Tax Densely Populated and Affluent Trade Area with over 185,000 residents within 5 miles with an average household income over $65,000, projected to increase to over $74,800 by 2029 (~15%) The Rio Grande Valley has a very strong Hispanic population and cross-border synergy with Matamoros, MX, with a population of more than 540,000 Income Tax-Free State Local Drivers | Nearby Attractions 2 miles north of The University of Texas Rio Grande Valley Brownsville campus, home to approximately 5,800 students 1.5 miles south of Homer Hanna High School (~2,246 students) 2.5 miles north of the US/Mexico border 5 miles from Brownsville South Padre Island International Airport Brownsville is currently experiencing a construction boom fueled by significant economic growth and strategic investments in infrastructure and development. This is driven by factors such as the expanding Port of Brownsville, SpaceX’s presence, and broader diversification of the local economy. The city is actively pursuing capital improvement projects, including infrastructure enhancements, downtown revitalization, and new facilities like a Public Safety Center and a multi-purpose arena

FOR SALE DETAILS

PRICE

$2,667,000 USD

PRICE/SF

$2,474 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,744 SF

ZONING

C

APN/PARCEL ID

049216-0000-001000

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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