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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2304 77 Sunshine Strip Harlingen, TX 78550

660 SF 0.89 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 1-unit, 660-square-foot Scooter's Coffee located at 2304 S 77 Sunshine Strip, Harlingen, TX 78550, within the Brownsville-McAllen MSA. The property sits on a 0.89-acre lot and boasts a 20-year absolute triple-net (NNN) lease with a franchisee tenant, ensuring minimal landlord responsibilities. Built and renovated in 2024, this single-story building enjoys 100% occupancy and a current NOI of $156,000, representing a 6.50% cap rate on the $2,400,000 asking price ($3,636.36/sq ft). The lease includes a 7.5% rent increase every five years and four (4) five (5) year options. This top-performing Scooter's Coffee location benefits from high traffic counts (approximately 33,000+ vehicles per day at a nearby intersection) and a strategic location near other national retailers in a rapidly growing market. The Harlingen and McAllen metro area exhibits an average annual growth rate exceeding 2%. This investment offers strong lease fundamentals, promising profitability, and a hedge against inflation due to the NNN lease structure. The franchisee's commitment to open twelve units in the Texas market further strengthens this opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 660 SF
Lot 0.89 ac (38,768 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Scooter's Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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