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La Placita Shopping Center 1655 Ruben Torres Blvd 73,240 SF 77% Leased Retail Building Brownsville, TX 78521 $16,424,759 CAD ($224.26 CAD/SF) 7.38% Cap Rate
Investment Highlights
- 73,240 SF Retail Shopping Center Situated on 9 Acres
- Strong Tenant Mix Including Two Government Tenants
- ±2 Acres of Commercially Zoned Development Land
- $885,299 Net Operating Income | $1,130,194 Effective Gross Income
- ±15,000 SF Second-Floor Vacancy Providing Value-Add Lease-Up Opportunity
- Located in Growing Brownsville Market Supported by SpaceX Starbase, LNG Projects, and Port of Brownsville Expansion
Executive Summary
The center also features approximately 15,000 SF of second-floor vacancy, providing a value-add opportunity through lease-up. In addition, the property includes approximately 1.5 acres of commercially zoned land on the east side of the site, offering potential for future development.
Strategically located near H-E-B, Walmart, and Whataburger, the property benefits from strong traffic and consumer demand. The Brownsville market continues to grow due to SpaceX’s Starbase facility, LNG export projects, and expanding industrial development at the Port of Brownsville, supporting long-term retail demand in the Rio Grande Valley.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 911 Cafe
- -
-
99,999 SF
- -
-
Jan 0000
- Coldwell Banker
- Real Estate
-
99,999 SF
- -
-
Jan 0000
- Dk's
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
- Edwards Title
- -
-
99,999 SF
- -
-
Jan 0000
- Layne's Chicken Fingers
- -
-
99,999 SF
- -
-
Jan 0000
- New Beauty Concepts
- -
-
99,999 SF
- -
- -
- New Beginning Enterprises
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
- Palace
- -
-
99,999 SF
- -
- -
- Texas Attorney General
- -
-
99,999 SF
- -
-
Jan 0000
- Texas Comptroller of Public Accountants
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 911 Cafe | - | 99,999 SF | - | Jan 0000 | ||
| Coldwell Banker | Real Estate | 99,999 SF | - | Jan 0000 | ||
| Dk's | Accommodation and Food Services | 99,999 SF | - | Jan 0000 | ||
| Edwards Title | - | 99,999 SF | - | Jan 0000 | ||
| Layne's Chicken Fingers | - | 99,999 SF | - | Jan 0000 | ||
| New Beauty Concepts | - | 99,999 SF | - | - | ||
| New Beginning Enterprises | Professional, Scientific, and Technical Services | 99,999 SF | - | - | ||
| Palace | - | 99,999 SF | - | - | ||
| Texas Attorney General | - | 99,999 SF | - | Jan 0000 | ||
| Texas Comptroller of Public Accountants | - | 99,999 SF | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 2nd Floor
- 5,000-7,500 SF
- Office
- -
- Now
This private, flexible second-floor unit is well-suited for office, professional services, studio, medical, or specialized uses, offering separation from ground-level traffic while still benefiting from the energy of the center below. The space is well-maintained, features abundant natural light, and allows for adaptable build-out configurations. ±15,000 SF second-floor space Ideal for office, professional services, medical, studio, or specialty users Private second-floor setting with reduced ground-level traffic Open, flexible floor plan allowing multiple layout configurations Abundant natural light throughout the space Well-maintained condition Easy access from Ruben M. Torres Blvd Ample shared parking on-site Located within a stabilized shopping center
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 5,000-7,500 SF | Office | - | Now |
| 200 | 5,000-7,500 SF | Office/Medical | - | Now |
2nd Floor
| Size |
| 5,000-7,500 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
200
| Size |
| 5,000-7,500 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
200
| Size | 5,000-7,500 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
This private, flexible second-floor unit is well-suited for office, professional services, studio, medical, or specialized uses, offering separation from ground-level traffic while still benefiting from the energy of the center below. The space is well-maintained, features abundant natural light, and allows for adaptable build-out configurations. ±15,000 SF second-floor space Ideal for office, professional services, medical, studio, or specialty users Private second-floor setting with reduced ground-level traffic Open, flexible floor plan allowing multiple layout configurations Abundant natural light throughout the space Well-maintained condition Easy access from Ruben M. Torres Blvd Ample shared parking on-site Located within a stabilized shopping center
Nearby Major Retailers
Property Taxes
| Parcel Number | 019011-0010-001000 | Total Assessment | $6,752,057 CAD |
| Land Assessment | $3,219,581 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,532,476 CAD | Tax Year | 2025 |
Property Taxes
Presented by
La Placita Shopping Center | 1655 Ruben Torres Blvd
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