Burlington & Murdoch's - New 10-Yr. Leases 311 S Bryan Rd

Texas Broker of Record: Brian A. Kaplan / No: 591407
Faris Lee Investments is pleased to present an exceptional high performing 2 tenant National Credit offering located in Mission, TX. This property, anchored by high-performing tenants Burlington and Murdoch’s Ranch and Home Supply, represents a prime investment in a high-traffic, strategically positioned retail center, offering unparalleled advantages for discerning investors. Situated just 4 miles from the Anzalduas International Border Crossing, the property captures significant cross-border traffic from Monterrey and Reynosa, being the first shopping center encountered from the border. This prime location benefits from excellent visibility and accessibility, ensuring consistent foot traffic and robust economic activity, supported by the property’s proximity to McAllen, a major retail hub. The Anzalduas International Border Crossing handles over 4.6 million vehicle crossings annually, enhancing the property’s consumer reach and making it an ideal destination for cross-border shoppers.
The surrounding area is a vibrant retail environment, with nearby stores and services catering to both local and cross-border shoppers, further boosting the property’s attractiveness and drawing a steady flow of customers. In close proximity to Sharyland Towne Crossing, which includes HEB, Target, and Ross, the center experiences over 9 million annual visits. Additionally, the property is near Market at Sharyland Place, which features Walmart, Kohl’s, and Dollar Tree, and had 4.9 million annual visits in the last 12 months. This thriving retail hub enhances the overall shopping experience and foot traffic for tenants, contributing to the property’s long-term success.
The property boasts a robust tenant mix featuring high-performing, creditworthy retailers such as Burlington and Murdoch’s Ranch and Home Supply. Burlington, with an investment-grade credit rating (S&P rated BB+), commands a market cap exceeding $14.5 billion as of June 2024. The company reported fiscal 2023 revenue of $9.7 billion, with a 2% year-over-year increase in comparable sales, and operates over 1,020 stores across 46 states, highlighting its national presence and financial strength. Murdoch’s Ranch and Home Supply, a high-volume, destination-driven retailer, attracts a strong and loyal customer base, operating over 40 locations across six states. This location is particularly significant as it is the only Murdoch’s in the Rio Grande Valley and within a 200-mile radius, making it a key shopping destination for Southern Texas and Northeast Mexico. This exclusive presence enhances the property’s draw and long-term viability.
This property offers unparalleled financial stability and impressive income growth potential, supported by long-term NNN leases that ensure consistent rental income with minimal landlord responsibilities. Scheduled rental increases every five years provide a hedge against inflation, enhancing the return on investment (ROI). Both tenants have four 5-year options available until 2034, further solidifying the property’s long-term viability. Additionally, tenants bear most property expenses, reducing operational burdens and simplifying property management. With its strategic location, high-quality tenants, and favorable lease structures, this property represents a unique opportunity to acquire a highly desirable commercial asset in Mission, TX. The combination of strong tenant credit, long-term leases with built-in rental escalations, and a vibrant retail environment makes this an attractive investment, promising stable and appealing returns.