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3867 N Expressway
Brownsville, TX 78520
Black Bear Diner Restaurant Absolute NNN · Retail Property For Sale
Investment Highlights
- Brand New Construction on a 10 Year Triple Net (NNN) Corporate Guaranteed Lease With Zero Landlord Responsibilities
- Sale Subject to Post-October 1, 2021 Closing Assigned to New Seller Entity
- Dense Residential Area With a Population of 154,726 Residents Making an Average Household Income of $61,135 Within a 5-Mile Radius
- COVID Addendum – Rent to Commence June 1, 2021, With the Opening Scheduled For September 20, 2021
- Strategically Positioned Along Hwy 83 in a Heavy Retail Area With Traffic Counts Exceeding 114,030 VPD
- Located 7-Miles From the University of Texas at Rio Grande Valley Which Serves Over 32,200 Students and Staff
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.69
Lot Size
0.18 AC
Parking
68 Spaces (21.69 Spaces per 1,000 SF Leased)
Frontage
428’ on I-69 E Frontage Rd
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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