Current Use by Public Records
- Retail properties & Spaces
Property Details for 500 Bibb Ave
- Year built
- 2024
- Lot size
- 3.05 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity features a brand-new, 7,926 square-foot Texas Roadhouse restaurant in Eagle Pass, Texas. Situated on a 3.05-acre lot at 500 S Bibb Ave, 78852, this single-tenant, absolute NNN lease boasts a 15-year term with three 5-year renewal options and built-in rent escalations in years 6 and 11. The property, constructed in 2024, enjoys 100% occupancy and benefits from a credit-rated tenant. Its strategic location within a dominant retail hub, shadow-anchored by Lowe's and a Walmart Supercenter, ensures high visibility and significant daily traffic exceeding 24,500 vehicles. Eagle Pass's unique position as a key trade route between San Antonio and major Mexican cities, coupled with its thriving retail sector fueled by cross-border shopping, presents a compelling investment case. The city's expanding population, robust infrastructure, and the presence of a new National Guard base further enhance the long-term growth potential. This asset offers a low-maintenance, high-return investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property's location within the Eagle Pass metropolitan area, which includes Piedras Negras, Mexico, expands the market reach to over 300,000 people. The high volume of daily border crossings, totaling 346,845 in 2023, underscores the significant consumer base. This presents a rare opportunity to acquire a strong, stable, and growing investment in a dynamic market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eagle Pass
- County
- Maverick
- State
- Texas
- Longitude
- -100.483
- Latitude
- 28.7
