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Black Bear Diner | Harlingen, TX 6706 W Expressway 83 5,000 SF Retail Building Harlingen, TX 78552 $5,197,010 CAD ($1,039.40 CAD/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Rapidly Growing Family Dining Concept - 166+ Locations
Tripe Net (NNN) Lease - 10% Rental Increase Every 5 Years
$104k AHI Within 1-Mile - Income Tax Free State

14 Years Remaining - Plus 4 - 5 Year Options
2024 Construction - Large 1.27 Acre Site
Retail Corridor - Texas Regional Bank (HQ), Orangetheory Fitness

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,000 SF

Building Class

Year Built

2024

Price

$5,197,010 CAD

Price Per SF

$1,039.40 CAD

Cap Rate

6.50%

NOI

$337,813 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.27 AC

Opportunity Zone

Yes

Zoning

C - Commercial

Frontage

201’ on West Expressway 83

Corner Lot

Signage

MAJOR TENANTS

Accommodation and Food Services
-
$67.56 CAD
Triple Net
Nov 2039

Founded in Mt. Shasta, California, in 1995, Black Bear Diner is a place where anyone can enjoy good food and good times in a place that feels like home. Black Bear Diner serves up hearty portions of classic house-made comfort food in the inviting atmosphere of a mountain cabin. And they've made so many friends along the way that the franchise has grown to 127 locations in 13 states and been consistently ranked as one of the smartest growing brands in the restaurant industry.