2100 FM 802 - Retail FOR SALE
Brownsville, TX 78526 |
$11,391,000 USD
214-692-2847
2100 FM 802
Brownsville, TX 78526
HIGHLIGHTS
- Ownership is currently renovating the exterior of the shopping center, which should be completed by end of January 2025
- The subject property is fully leased with a WALT of 5.0 years, which is highly favorable to most lenders.
- Projected to experience a 0.5% increase in population over the next 5 years, indicating a rising customer base for retail services.
- Most of the tenants, including the anchor tenant, Nelnet, signed leases in 2024 within just a few months of marketing.
- Daily traffic counts on Ruben M. Torres Blvd are ±32,600 VPD, while Paredes Line Rd sees ±22,072 VPD.
- The 56,589-square-foot center offers significant frontage, facing Ruben M. Torres Blvd with approximately 615 feet of frontage and 90 feet of depth.
FOR SALE DETAILS
PRICE
$11,391,000 USD
PRICE/SF
$205 USD /SF
CAP RATE
7.35%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
310
LAND DETAILS
LAND ACRES
5.85 AC
LAND SF
254,913 SF
ZONING
H
APN/PARCEL ID
791923-0010-001000
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214-692-2847
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214-692-2847
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