3100 N Expressway - Restaurant FOR SALE


Brownsville, TX 78526
$5,095,754 USD
332-278-5030
3100 N Expressway, Brownsville, TX for Sale
$5,095,754 USD
Restaurant - FOR SALE
1/2
null | 6.5% Cap Rate

3100 N Expressway
Brownsville, TX 78526


HIGHLIGHTS

  • Corporate Guarantee | The lease is backed by OL Texas Restaurants LLC with CEH SPE, LLC as guarantor, offering enhanced credit security for investors
  • Strong Rental Structure with Built-in Growth | Lease features 2.00% annual increases beginning May 2030
  • Attractive Price Per Square Foot | With a building size of 6,590 SF and a purchase price under $5.1M
  • Strategic Highway Frontage | The property sits directly along Expressway 83, one of the region’s most heavily trafficked corridors

OVERVIEW

Surmount is pleased to present the exclusive listing for an Ojos Locos located at 3100 N Expressway 83, Brownsville, TX 78526. The site consists of roughly 6,512 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which commenced 6/27/2022. The current annual rent is $331,224 and has scheduled increases of 2.0% annually beginning 2029.

FOR SALE DETAILS

PRICE

$5,095,754 USD

PRICE/SF

$783 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ojos Locos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

C

APN/PARCEL ID

050030-0060-002000

ASK ABOUT THIS PROPERTY

Nathan SmithSurmountMore Info
332-278-5030

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Nathan SmithSurmountMore Info
332-278-5030

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