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1104 E Elizabeth St 23,500 SF 50% Leased Retail Building Brownsville, TX 78520 $2,875,047 CAD ($122.34 CAD/SF) 7% Cap Rate
Investment Highlights
- Dollar Tree Anchored Retail Investment – National discount retailer occupying ±11,400 SF
- ±23,500 SF two-story retail building
- Prime downtown Brownsville location minutes from international bridges to Matamoros
- $146,862 NOI | 7.00% Cap Rate
- ±12,100 SF Available Space including second floor offering value-add lease-up opportunity
- Strong Regional Growth Drivers including SpaceX Starbase, LNG export projects, and Port of Brownsville energy development
Executive Summary
This offering presents a retail investment opportunity in downtown Brownsville, Texas, featuring a ±23,500 SF two-story retail building situated on 0.26 acres along E Elizabeth Street. The ground floor is leased to Dollar Tree, occupying approximately 11,400 SF, generating $146,862 in net operating income and offering investors stable in-place cash flow. The remaining space, including the second floor, is currently vacant, providing a value-add opportunity through lease-up for office, retail, or service-oriented tenants.
The property is located minutes from the international bridges connecting Brownsville and Matamoros, Mexico, benefiting from strong cross-border commerce and a dense surrounding trade area. The region continues to see significant economic growth driven by SpaceX’s Starbase facility, LNG export projects, and expanding energy development at the Port of Brownsville.
The property is located minutes from the international bridges connecting Brownsville and Matamoros, Mexico, benefiting from strong cross-border commerce and a dense surrounding trade area. The region continues to see significant economic growth driven by SpaceX’s Starbase facility, LNG export projects, and expanding energy development at the Port of Brownsville.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
23,500 SF
Building Class
B
Year Built
1990
Price
$2,875,047 CAD
Price Per SF
$122.34 CAD
Cap Rate
7%
NOI
$201,253 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.04
Lot Size
0.26 AC
Opportunity Zone
Yes
Frontage
96’ on Elizabeth St
Amenities
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $969,014 CAD | |
| Land Assessment | $159,506 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $809,508 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$159,506 CAD
Improvements Assessment
$809,508 CAD
Total Assessment
$969,014 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1104 E Elizabeth St
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