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Absolute NNN Leased Raising Cane's 3341 Boca Chica Blvd 2,724 SF 4-Star Retail Building Brownsville, TX 78521 $5,705,293 CAD ($2,094.45 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE
- SCHEDULED INCREASES IN RENT EVERY 5 YEARS
- 190,567 RESIDENTS IN GROWING TRADE AREA
- ZERO LANDLORD OBLIGATIONS
- 2016 CONSTRUCTION WITH A DRIVE-THRU
- LOCATED BETWEEN A WALMART SUPERCENTER WITH ESTIMATED SALES OF $102 MILLION AND HOME DEPOT
EXECUTIVE SUMMARY
This is an absolute NNN leased Raising Cane’s in Brownsville, Texas. The property built in 2016, consists of 2,724 square-feet and includes a drive-thru. The lease calls for zero landlord obligations and increases in rent every 5 years. The site is just off US Highway 77 with 111,000 VPD. Raising Cane’s sits on a highly visible hard corner with a signalized intersection. The property is also situated near The University of Texas Rio Grande Valley, Brownsville (Serving 12,000+ Students). The site is also located between a Walmart Supercenter and The Home Depot. The property benefits from the growing trade area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,724 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$5,705,293 CAD
Price Per SF
$2,094.45 CAD
Cap Rate
6%
NOI
$342,318 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
36’ on Boca Chica Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 040896-0000-005000 | Improvements Assessment | $866,255 CAD |
| Land Assessment | $470,418 CAD | Total Assessment | $1,336,673 CAD |
PROPERTY TAXES
Parcel Number
040896-0000-005000
Land Assessment
$470,418 CAD
Improvements Assessment
$866,255 CAD
Total Assessment
$1,336,673 CAD
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Absolute NNN Leased Raising Cane's | 3341 Boca Chica Blvd
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