2304 77 Sunshine Strip Harlingen, TX 78550
- Retail properties
- 660 SF
- 0.89 lot acres
Current Use by Public Records
- Scooter's Coffee / Coffee Shop
Property Details for 2304 77 Sunshine Strip
- Year built
- 2024
- Lot size
- 0.89 lot acres
- Property size
- 660 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.672
- Latitude
- 26.1709
