3100 N Expressway - Restaurant FOR SALE


Brownsville, TX 78526
$4,907,022 USD
917-697-3215
3100 N Expressway, Brownsville, TX for Sale
$4,907,022 USD
Restaurant - FOR SALE
1/2
null | 6.75% Cap Rate

3100 N Expressway
Brownsville, TX 78526


HIGHLIGHTS

  • Corporate Guarantee
  • Strong Rental Structure with Built-in Growth
  • Attractive Price Per Square Foot
  • Strategic Highway Frontage

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

$4,907,022 USD

PRICE/SF

$754 USD /SF

CAP RATE

6.75%

% 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

Anthony BirdSurmountMore Info
917-697-3215

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Anthony BirdSurmountMore Info
917-697-3215

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