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7-Eleven with Laredo Taco 651 E. Morrison Rd. 4,650 SF Retail Building Brownsville, TX 78526 $6,627,000 ($1,425.16/SF) 5.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Large Format 7-Eleven – Sitting on 1.543 AC Parcel, New Store Features a Laredo Taco, 48 Parking Spaces and 6 MPDs
- The Rio Grande Valley Continues To Be One of the Fastest Growing Regions in America
- Brownsville | 8th Largest MSA in Texas | Population: 186,738+
- High Growth Trade Area Next to the Sunrise Mall (100+ Stores and Restaurants)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
EXECUTIVE SUMMARY
Brand New 15-Year Corporate NNN Lease with 7.5% Rental Increases Every 5 Years
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2024
Price
$6,627,000
Price Per SF
$1,425.16
Cap Rate
5.45%
NOI
$361,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.54 AC
Frontage
120’ on Pablo Kisel Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 079844-0000-002000 | Improvements Assessment | $1,040,215 |
| Land Assessment | $806,557 | Total Assessment | $1,846,772 |
PROPERTY TAXES
Parcel Number
079844-0000-002000
Land Assessment
$806,557
Improvements Assessment
$1,040,215
Total Assessment
$1,846,772
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7-Eleven with Laredo Taco | 651 E. Morrison Rd.
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