5740 Ruben M Torres Blvd
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5740 Ruben M Torres Blvd
3,800 SF 100% Leased Retail Building Brownsville, TX 78521 $2,233,933 CAD ($588 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Beautiful 3 tenant retail investment, newly built in 2022, on a signalized intersection with drive-thru
- Brownsville’s largest employer is now SpaceX (5,000 estimated employees in 2024). SpaceX has turned Brownsville into a hub for aerospace activities an
- This asset is surrounded by a wide variety of national brands including McDonalds’s, CVS, Family Dollar, Dollar Tree, Advance Auto, Whataburger, Rent-
- Large Papa John’s Corporate franchisee with rent increase ahead
- The Port of Brownsville, one of Brownsville’s largest employers and a source of tremendous activity is located less than 2 miles from this site
- Strong demographics with more than 56k population with Avg. household income over $71k within 3 miles & 137k+ population with Avg. HH income over $69k
Executive Summary
Beautiful 3-tenant retail investment, newly built in 2022, on a signalized intersection with drive-thru
Starbucks is under construction on the hard corner lot next door
Brownsville’s largest employer is now SpaceX (5,000 estimated employees in 2024). SpaceX has turned Brownsville into a hub for aerospace activities and has attracted numerous businesses and suppliers
The Port of Brownsville, one of Brownsville’s largest employers and a source of tremendous activity is located less than 2 miles from this site
Tenants:
Strong Corporate Fred Loya lease with rent increase ahead
Large Papa John’s Corporate franchisee with rent increase ahead
Boba Tea Express with annual base rent increases, drive-thru and a strong personal guaranty
This asset is surrounded by a wide variety of national brands including McDonalds’s, CVS, Family Dollar, Dollar Tree, Advance Auto, Whataburger, Rent-A-Center, Subway, Boost Mobile, Burger King and more
Strong demographics with more than 56k population with Avg. household income over $71k within 3 miles & 137k+ population with Avg. HH income over $69k within 5 miles
Starbucks is under construction on the hard corner lot next door
Brownsville’s largest employer is now SpaceX (5,000 estimated employees in 2024). SpaceX has turned Brownsville into a hub for aerospace activities and has attracted numerous businesses and suppliers
The Port of Brownsville, one of Brownsville’s largest employers and a source of tremendous activity is located less than 2 miles from this site
Tenants:
Strong Corporate Fred Loya lease with rent increase ahead
Large Papa John’s Corporate franchisee with rent increase ahead
Boba Tea Express with annual base rent increases, drive-thru and a strong personal guaranty
This asset is surrounded by a wide variety of national brands including McDonalds’s, CVS, Family Dollar, Dollar Tree, Advance Auto, Whataburger, Rent-A-Center, Subway, Boost Mobile, Burger King and more
Strong demographics with more than 56k population with Avg. household income over $71k within 3 miles & 137k+ population with Avg. HH income over $69k within 5 miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,800 SF
Building Class
B
Year Built
2022
Price
$2,233,933 CAD
Price Per SF
$588 CAD
Cap Rate
6.40%
NOI
$142,916 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
0.33 AC
Zoning
AC
Frontage
PROPERTY TAXES
| Parcel Number | 767920-0030-015000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $70,155 CAD |
PROPERTY TAXES
Parcel Number
767920-0030-015000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$70,155 CAD
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5740 Ruben M Torres Blvd
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