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Main Event, TruFit Athletic Club & Parry’s Pi 2320 Frontage Rd 106,379 SF 100% Leased Retail Building Brownsville, TX 78521 $24,660,000 CAD ($231.81 CAD/SF) 8.55% Cap Rate
Executive Summary
Passive Lease Structure: Main Event, TruFit Athletic Club, and Parry’s Pizza all have NNN lease structures with staggered expirations and upcoming rental escalations within two years.
Prime Retail Positioning: The asset is part of Sunrise Mall, a 740,000 SF regional mall with visibility and access along I-69E. I-69 has over 106,000 VPD and is the main thoroughfare connecting the US and Mexico.
Future Value Add Opportunity: The parcel allows for an approximate 1.5 acre pad site, providing the landlord with future development upside.
National Retail Corridor: Other national retailers in the area include Lowe’s, Hobby Lobby, Wells Fargo, Firestone, Whataburger, McDonalds, Starbucks, and more.
Strong Local Population Growth: Brownsville is the largest city in the Rio Grande Valley and has projected 5 year population growth of 4% within 1 mile of the site.
Growing Aerospace Industry: Space X’s Boca Chica launch site is 25 minutes from the site and will be used for the Starship launch vehicle.
Property Facts
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Arts, Entertainment, and Recreation
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Main Event began in 1998 as a premier family entertainment destination. The company created centers where families and groups could enjoy activities like bowling, arcade games, and laser tag. In 2022, Main Event became part of Dave & Buster's Entertainment portfolio through an acquisition that expanded market presence. The centers operate under the Main Event brand while benefiting from Dave & Buster's resources. This combination created a larger network of entertainment venues across multiple states. The company continues to serve communities through family-friendly recreational facilities.
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- Accommodation and Food Services
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Parry’s launched in 2007 as a New York style pizza joint that was great for a quick bite and perhaps a beer or a glass of wine. Today, Parry’s has climbed to a level so far beyond it’s humble beginnings. Sure, New York style pizza, hot wings and their fried dough (customer faves) are still on the menu and they’re beloved as ever before. But, over the years, Parry’s has quickly become a craft beer haven boasting some of the most dynamic and robust tap lists at their locations; no matter what state they call home. Literally hundreds of taps have sprung from the house that pizza built over the years. Their beer events are curated with strategic and precise vision of what the craft beer connoisseurs seek out no matter the season or style of their choosing.
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- Arts, Entertainment, and Recreation
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TruFit Athletic Clubs started in 2006 in Texas and has grown into a major regional fitness chain. The company operates numerous facilities across Texas and Tennessee featuring modern equipment and diverse workout options. TruFit offers various membership levels with access to amenities including pools, kids clubs, and specialty training zones. In addition to standard gym services, the company provides group classes, personal training, and community events. TruFit emphasizes affordability while maintaining high-quality facilities and programs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Arts, Entertainment, and Recreation | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Arts, Entertainment, and Recreation | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 069250-0000-001000 | Improvements Assessment | $3,765,799 CAD |
| Land Assessment | $2,773,264 CAD | Total Assessment | $6,539,063 CAD |
Property Taxes
Presented by
Main Event, TruFit Athletic Club & Parry’s Pi | 2320 Frontage Rd
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