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Starbucks - Brownsville, TX 5720 Ruben M Torres Blvd 1,649 SF Retail Building Brownsville, TX 78526 $3,417,596 CAD ($2,072.53 CAD/SF) 5.80% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2024 Construction | Large Parcel | 10-Year Lease with Limited LL Responsibilities
- No State Income Tax | Strong Demographics | Local Traffic Drivers
- Strategic Location | "Way to Work" Side of Ruben M. Torres Blvd with ~19,400 VPD | 1 Block West of East 14th St(Padre Island Hwy) with ~20,250 VPD
- Minutes from SpaceX Starbase, HQ for Starship Development
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,649 SF
Building Class
B
Year Built
2024
Price
$3,417,596 CAD
Price Per SF
$2,072.53 CAD
Cap Rate
5.80%
NOI
$198,221 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.08 AC
Zoning
CC - Commercial
Frontage
307’ on Ruben M Torres Boulevard
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- Retailer
- 1,649 SF
- -
- Triple Net
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | Retailer | 1,649 SF | - | Triple Net | Feb 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $576,907 CAD | |
| Land Assessment | $778,522 CAD | Total Assessment | $1,355,430 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$778,522 CAD
Improvements Assessment
$576,907 CAD
Total Assessment
$1,355,430 CAD
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Starbucks - Brownsville, TX | 5720 Ruben M Torres Blvd
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