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    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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