7900 Boca Chica Blvd, Brownsville, TX 78521
- Retail properties & Spaces
- 4,842 SF
- 2.12 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 7900 Boca Chica Blvd
- Year built
- 2023
- Lot size
- 2.12 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new 7-Eleven convenience store, gas station, and Laredo Taco, located at 7900 Boca Chica Blvd, Brownsville, TX 78521. Built in 2023, this 4,842 square foot property sits on a 2.12-acre lot and boasts 40 parking spaces. The property benefits from a hard corner, signalized location with high traffic counts, situated just 20 minutes from SpaceX Starbase and 5 minutes from the Port of Brownsville. The absolute NNN lease with a corporate guarantee from 7-Eleven offers significant security and minimal landlord responsibilities. The 15-year lease, commencing July 6, 2023, and expiring July 6, 2038, includes five 5-year renewal options with 10% rent bumps at year 10 and every 5 years thereafter. The current net operating income (NOI) is $310,788, resulting in a 5.00% cap rate and a price per square foot of $1,280.46. The asking price is $6,200,000. This property offers a compelling combination of strong tenant credit, built-in rent increases, and a prime location in a rapidly growing area of Texas, with the added benefit of no state income tax. The property is currently 100% occupied.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.4067
- Latitude
- 25.917
