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Ojos Locos 3100 N Expressway 6,512 SF Retail Building Brownsville, TX 78526 $7,109,596 CAD ($1,091.77 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee | The lease is backed by OL Texas Restaurants LLC with CEH SPE, LLC as guarantor, offering enhanced credit security for investors
- Attractive Price Per Square Foot | With a building size of 6,590 SF and a purchase price under $5.1M
- Strong Rental Structure with Built-in Growth | Lease features 2.00% annual increases beginning May 2030
- Strategic Highway Frontage | The property sits directly along Expressway 83, one of the region’s most heavily trafficked corridors
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Ojos Locos located at 3100 N Expressway 83, Brownsville, TX 78526. The site consists of roughly 6,512 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which commenced 6/27/2022. The current annual rent is $331,224 and has scheduled increases of 2.0% annually beginning 2029.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,512 SF
Building Class
C
Year Built
2022
Price
$7,109,596 CAD
Price Per SF
$1,091.77 CAD
Cap Rate
6.50%
NOI
$462,124 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.47 AC
Zoning
C
Frontage
292’ on U.S. 83
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 050030-0060-002000 | Improvements Assessment | $2,279,676 CAD |
| Land Assessment | $1,340,715 CAD | Total Assessment | $3,620,391 CAD |
PROPERTY TAXES
Parcel Number
050030-0060-002000
Land Assessment
$1,340,715 CAD
Improvements Assessment
$2,279,676 CAD
Total Assessment
$3,620,391 CAD
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Ojos Locos | 3100 N Expressway
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