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2100 FM 802
Brownsville, TX 78526
Retail Property For Sale
Investment Highlights
- Ownership is currently renovating the exterior of the shopping center, which should be completed by end of January 2025
- Projected to experience a 0.5% increase in population over the next 5 years, indicating a rising customer base for retail services.
- Daily traffic counts on Ruben M. Torres Blvd are ±32,600 VPD, while Paredes Line Rd sees ±22,072 VPD.
- The subject property is fully leased with a WALT of 5.0 years, which is highly favorable to most lenders.
- Most of the tenants, including the anchor tenant, Nelnet, signed leases in 2024 within just a few months of marketing.
- The 56,589-square-foot center offers significant frontage, facing Ruben M. Torres Blvd with approximately 615 feet of frontage and 90 feet of depth.
Property Facts
Property Type
Retail
Building Size
55,670 SF
Building Class
B
Year Built
2002
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
5.85 AC
Zoning
H
Parking
310 Spaces (5.51 Spaces per 1,000 SF Leased)
Frontage
674’ on Ruben Torres Blvd
Amenities
- Signage
Property Taxes
| Parcel Number | 791923-0010-001000 | Improvements Assessment | $1,002,338 |
| Land Assessment | $3,058,956 | Total Assessment | $4,061,294 |
Property Taxes
Parcel Number
791923-0010-001000
Land Assessment
$3,058,956
Improvements Assessment
$1,002,338
Total Assessment
$4,061,294
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