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1075 FM 802
Brownsville, TX 78521
Red Lobster · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • This Red Lobster is subject to a brand new 25-year absolute triple-net (NNN) lease, with 20+ years remaining.
  • The rent will increase by two percent annually, including through the four, five-year tenant renewal options, providing investors with a strong inflat
  • The lease is subject to a corporate guarantee, adding additional security throughout the term of the lease, through 704 corporate locations.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,984 SF
Building Class
B
Year Built/Renovated
1990/2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.81 AC
Zoning
C
Parking
68 Spaces (8.37 Spaces per 1,000 SF Leased)
Frontage
347’ on Ruben M Torres Blvd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
060250-0010-001000
Land Assessment
$334,362
Improvements Assessment
$1,082,320
Total Assessment
$1,416,682
  • Listing ID: 23251983

  • Date on Market: 6/1/2021

  • Last Updated:

  • Address: 1075 FM 802, Brownsville, TX 78521

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