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7-Eleven with Laredo Taco 651 E. Morrison Rd. 4,650 SF Retail Building Brownsville, TX 78526 $9,161,828 CAD ($1,970.29 CAD/SF) 5.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Large Format 7-Eleven – Sitting on 1.543 AC Parcel, New Store Features a Laredo Taco, 48 Parking Spaces and 6 MPDs
- The Rio Grande Valley Continues To Be One of the Fastest Growing Regions in America
- Brownsville | 8th Largest MSA in Texas | Population: 186,738+
- High Growth Trade Area Next to the Sunrise Mall (100+ Stores and Restaurants)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
EXECUTIVE SUMMARY
Brand New 15-Year Corporate NNN Lease with 7.5% Rental Increases Every 5 Years
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2024
Price
$9,161,828 CAD
Price Per SF
$1,970.29 CAD
Cap Rate
5.45%
NOI
$499,304 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.54 AC
Frontage
120’ on Pablo Kisel Boulevard
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 079844-0000-002000 | Improvements Assessment | $1,466,807 CAD |
| Land Assessment | $1,137,326 CAD | Total Assessment | $2,604,133 CAD |
PROPERTY TAXES
Parcel Number
079844-0000-002000
Land Assessment
$1,137,326 CAD
Improvements Assessment
$1,466,807 CAD
Total Assessment
$2,604,133 CAD
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7-Eleven with Laredo Taco | 651 E. Morrison Rd.
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