713-417-1835
500 S Bibb Ave, Eagle Pass, TX for Sale
Restaurant - FOR SALE
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500 S Bibb Ave
Eagle Pass, TX 78852


HIGHLIGHTS

  • 15-Year Absolute NNN Ground Lease with Rent Steps in Year 6 & Year 11
  • Built-In Escalations within Primary Term and Three 5-Year Options
  • Rapidly Expanding Corporate Credit Tenant
  • Prominent Location Off FM Road 375 with 24,500+ Cars Per Day
  • Regional Retail Hub for West Texas/ Mexico Border
  • Lowe’s & Walmart Supercenter Shadow Anchored Providing Cross-Traffic Opportunities

OVERVIEW

Edge Capital Markets is pleased to present the opportunity to acquire Texas Roadhouse, a newly constructed and well-positioned asset located in Eagle Pass, TX. Shadow anchored by Lowe’s and Walmart Supercenter, this nationally recognized restaurant concept allows an investor to acquire a 15-year corporate ground lease with a built-in rental escalation with renewal options with zero landlord responsibilities. Eagle Pass is the fastest route between San Antonio and major trade locations in Mexico, such as Monterrey and Nava. International trade and travel is facilitated via three border crossing points. Each of these bridges connects Eagle Pass to its sister city, Piedras Negras, in the Mexican state of Coahuila. With a low cost of living, sophisticated transportation infrastructure, a highly skilled and abundant workforce, and an expanding population, Eagle Pass is poised for retail growth. The Property is located within the trade area’s dominant retail hub and is exposed to nearly 25,000 cars daily. While the population within city limits is approximately 29,000, the metropolitan area expands beyond 300,000 people and comprises both Eagle Pass and Piedras Negras and generates traffic from broader Mexico. The retail hub also pulls from a broader secondary market of neighboring U.S. towns that spans numerous counties, primarily to the north and east. Notably, one of the strongest sectors in Eagle Pass is the retail industry, driven mainly by affluent Mexican National consumers who cross daily to shop and buy American products. As such, Eagle Pass benefits from a staggering amount of daily traffic from Mexico via the border crossings, totaling 346,845 documented crossings in 2023.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,773 SF

ZONING

-

APN/PARCEL ID

4699

ASK ABOUT THIS PROPERTY

Kevin HollandEDGE Realty PartnersMore Info
713-417-1835

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Kevin HollandEDGE Realty PartnersMore Info
713-417-1835

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