3341 Boca Chica Blvd - Restaurant FOR SALE


Brownsville, TX 78521
$4,120,833 USD
415-513-0465
3341 Boca Chica Blvd, Brownsville, TX for Sale
$4,120,833 USD
Restaurant - FOR SALE
1/3
null | 6% Cap Rate

3341 Boca Chica Blvd
Brownsville, TX 78521


HIGHLIGHTS

  • ABSOLUTE NNN LEASE
  • ZERO LANDLORD OBLIGATIONS
  • SCHEDULED INCREASES IN RENT EVERY 5 YEARS
  • 2016 CONSTRUCTION WITH A DRIVE-THRU
  • 190,567 RESIDENTS IN GROWING TRADE AREA
  • LOCATED BETWEEN A WALMART SUPERCENTER WITH ESTIMATED SALES OF $102 MILLION AND HOME DEPOT

OVERVIEW

This is an absolute NNN leased Raising Cane’s in Brownsville, Texas. The property built in 2016, consists of 2,724 square-feet and includes a drive-thru. The lease calls for zero landlord obligations and increases in rent every 5 years. The site is just off US Highway 77 with 111,000 VPD. Raising Cane’s sits on a highly visible hard corner with a signalized intersection. The property is also situated near The University of Texas Rio Grande Valley, Brownsville (Serving 12,000+ Students). The site is also located between a Walmart Supercenter and The Home Depot. The property benefits from the growing trade area.

FOR SALE DETAILS

PRICE

$4,120,833 USD

PRICE/SF

$1,513 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

040896-0000-005000

ASK ABOUT THIS PROPERTY

Robert WalkerThe Kase GroupMore Info
415-513-0465

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Robert WalkerThe Kase GroupMore Info
415-513-0465

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