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Los Fresnos Strip Center 1010 Ocean Blvd 3,800 SF 100% Leased Retail Building Los Fresnos, TX 78566 $2,615,000 ($688.16/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New Three-Tenant Strip | 100% Occupied | NNN Leases | Fee Simple Ownership | New 2024 Construction | Diversified Tenant Mix | Flexible Space
- Strong Demographics | Local Traffic Drivers | Growing South Texas Submarket | No State Income Tax
- Strategic Location on Ocean Blvd | Strong Retail Synergy | Proximity to Local Schools | Prime Visibility & Access | Ample Parking | Drive-Thrus
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
3,800 SF
Year Built
2024
Price
$2,615,000
Price Per SF
$688.16
Cap Rate
5.75%
NOI
$150,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.06 AC
Frontage
163’ on West Ocean Boulevard
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Fred Loya Insurance
- Finance and Insurance
- 900 SF
- -
- Triple Net
- Aug 2034
- Pizza Hut
- Retailer
- 1,320 SF
- -
- Triple Net
- Sep 2034
- PJ's Coffee of New Orleans
- Retailer
- 1,580 SF
- -
- Triple Net
- Dec 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Fred Loya Insurance | Finance and Insurance | 900 SF | - | Triple Net | Aug 2034 | |
| Pizza Hut | Retailer | 1,320 SF | - | Triple Net | Sep 2034 | |
| PJ's Coffee of New Orleans | Retailer | 1,580 SF | - | Triple Net | Dec 2034 |
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Los Fresnos Strip Center | 1010 Ocean Blvd
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