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651 Morrison rd 4,650 SF Retail Building Brownsville, TX 78526 $7,223,000 ($1,553.33/SF) 5% Cap Rate
Investment Highlights
- 2024 Construction. 4,650+/- SF Building on 1.543+/- Acre Site
- Large Format 7-Eleven Features Laredo Taco, 48 Parking Spaces and 6 MPDs
- 7-Eleven Is the Largest Convenience Store Chain in the World With 85,000 Stores
- Excellent Location at Intersection of Morrison Rd & Pablo Kisel Blvd (46,000+ Combined VPD)
- High Growth Trade Area Next to Sunrise Mall With 100 Stores and Restaurants
- Brownsville, TX | 8th Largest MSA in Texas | Population: 186,738
Executive Summary
Brand New 15-Year Absolute NNN Lease w/ 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
$7,223,000
Price Per SF
$1,553.33
Cap Rate
5%
NOI
$361,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.54 AC
Parking
17 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
120’ on Pablo Kisel Boulevard
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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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