1075 FM 802 | Brownsville, TX 78521
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- LoopNet Team
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
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
| Parcel Number | 060250-0010-001000 | Improvements Assessment | $1,082,320 |
| Land Assessment | $334,362 | Total Assessment | $1,416,682 |
PROPERTY TAXES
Parcel Number
060250-0010-001000
Land Assessment
$334,362
Improvements Assessment
$1,082,320
Total Assessment
$1,416,682
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