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Black Bear Diner | Harlingen, TX 6706 W Expressway 83 5,000 SF Retail Building Harlingen, TX 78552 $3,723,000 ($744.60/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Rapidly Growing Family Dining Concept - 166+ Locations
- Tripe Net (NNN) Lease - 10% Rental Increase Every 5 Years
- $104k AHI Within 1-Mile - Income Tax Free State
- 14 Years Remaining - Plus 4 - 5 Year Options
- 2024 Construction - Large 1.27 Acre Site
- Retail Corridor - Texas Regional Bank (HQ), Orangetheory Fitness
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2024
Price
$3,723,000
Price Per SF
$744.60
Cap Rate
6.50%
NOI
$242,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.27 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
201’ on West Expressway 83
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $48.40
- Triple Net
- Nov 2039
Founded in Mt. Shasta, California, in 1995, Black Bear Diner is a place where anyone can enjoy good food and good times in a place that feels like home. Black Bear Diner serves up hearty portions of classic house-made comfort food in the inviting atmosphere of a mountain cabin. And they've made so many friends along the way that the franchise has grown to 127 locations in 13 states and been consistently ranked as one of the smartest growing brands in the restaurant industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $48.40 | Triple Net | Nov 2039 |
NEARBY MAJOR RETAILERS
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Black Bear Diner | Harlingen, TX | 6706 W Expressway 83
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