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Black Bear Diner (Heavy Retail Corridor) 3867 Frontage rd 5,600 SF Retail Building Brownsville, TX 78520 $3,214,000 ($573.93/SF) 7% Cap Rate
Investment Highlights
- Triple-Net Lease With 5.1 Years Remaining
- Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)
- Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
- 5,600 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
- Heavy Retail Corridor Near Sunrise Mall
- Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
Executive Summary
The offering presents the opportunity to acquire a Black Bear Diner located along a heavily trafficked retail corridor in Brownsville, Texas, positioned on Frontage Road 77/83 with exposure to approximately 106,362 vehicles per day. The property operates under a triple-net lease, providing passive ownership with no landlord responsibilities, and is situated within an established regional retail hub supported by national anchors and daily-needs traffic drivers. The site benefits from strong highway visibility, convenient ingress and egress, and proximity to major shopping destinations that contribute to consistent consumer draw.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,600 SF
Building Class
C
Year Built
2021
Price
$3,214,000
Price Per SF
$573.93
Cap Rate
7%
NOI
$224,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.99 AC
Zoning
F1
Nearby Major Retailers
Property Taxes
| Parcel Number | 020301-0000-004010 | Improvements Assessment | $1,168,142 |
| Land Assessment | $648,659 | Total Assessment | $1,816,801 |
Property Taxes
Parcel Number
020301-0000-004010
Land Assessment
$648,659
Improvements Assessment
$1,168,142
Total Assessment
$1,816,801
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Black Bear Diner (Heavy Retail Corridor) | 3867 Frontage rd
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