Listing Agency: SRS Industrial - Newport Beach m***@srsre.com Show Phone

Listed By: Matthew Mousavi · License #CA 01732226 Show Phone

Source: Moodyscre

Added: Apr 18, 2024 Changed: Jul 10 Last Checked: Jul 22 at 3:44AM

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Investment Insights

Based on property information with market context.

This 4,842 square foot retail property is located at 7900 Boca Chica Blvd in Brownsville, TX. The property is currently occupied by 7-Eleven, which recently executed a new 15-year lease with options to extend for five additional 5-year terms, demonstrating commitment to the location. The lease includes a 10% rental increase in year 10, and every 5 years at the beginning of each option period, increasing the net operating income and providing a hedge against inflation.

Key Highlights

• New 15‑year lease with 7‑Eleven, demonstrating commitment to the site.
• Lease includes 5 (5‑year) options to extend.
• 10% rental increase in year 10.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Parts Store Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Freestanding retail property with a new 15-year lease.

Where is this grocery and convenience store located?

The property is located at 7900 Boca Chica Blvd Brownsville, TX.

What is the asking price?

The asking price for this property is $6,200,000.

What are key features of this property?

This property features: New 15‑year lease with 7‑Eleven, demonstrating commitment to the site.; Lease includes 5 (5‑year) options to extend.; 10% rental increase in year 10.