2491 Boca Chica Blvd, Brownsville, TX

This property features a new 15-year absolute NNN ground lease, suitable for an out-of-town investor seeking a hands-free investment. The lease includes 10% rent increases every 5 years throughout the primary term and three 10-year option periods, offering a hedge against inflation. Construction is scheduled for 2025, utilizing 3-D printing technology, making it the first Starbucks location of its kind. The corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations across 80 countries, holding a BBB+/Baa1 credit rating from S&P and Moody’s, and generating $36B in annual revenue. Starbucks is ranked #1 in the Food Services Industry and #126 overall on the Fortune 500. The property is strategically located on Boca Chica Boulevard, a major east-west thoroughfare. It is situated between a Walmart Supercenter, ranked in the top 94% of all Walmart locations nationwide, and an H-E-B Grocery, ensuring a steady customer base. The location benefits from high traffic, with approximately 39,000 vehicles per day on Boca Chica Boulevard, and is two blocks east of I-69 East, which sees around 106,000 vehicles per day. The property offers excellent access and visibility from Boca Chica Boulevard and Los Ebanos, with ample parking and drive-through options. The property size is 1400 square feet.