2304 77 Sunshine Strip, Harlingen, TX 78550
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.
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Scooter's Coffee Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.