3100 N Expressway - Restaurant FOR SALE
Brownsville, TX 78526 |
$5,095,754 USD
332-278-5030
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
NNN Pro is pleased to present the exclusive listing for a Ojos Locos located at 3100 North Expressway 83, Brownsville, Texas 78526. The site consists of roughly 6512 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 4/6/2023. The current annual rent is $331,224 and has scheduled increases of 2.00% Annually Starting May 2030.
FOR SALE DETAILS
PRICE
$5,095,754 USD
PRICE/SF
$679 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
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
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332-278-5030
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332-278-5030
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