5850 Ruben M Torres Blvd Brownsville, TX 78526

Property Details for 5850 Ruben M Torres Blvd

Year built

2003

Lot size

7.00 lot acres

Property size

49,268 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 49,268-square-foot shopping center in Brownsville, Texas, presents a compelling value-add opportunity. Boasting a strong 8.65% cap rate and a 91.88% occupancy rate, the property generates a net operating income (NOI) of $710,462. The six single-story buildings, constructed in 2003, sit on a seven-acre lot and house 25 tenants, including national brands like Subway, Little Caesars, and Wingstop. The diverse tenant mix includes food and beverage, medical, daycare, and more. Currently, there are approximately 4,000 square feet of vacant space and two approved grass pads for potential development, offering significant upside potential for increased NOI. The property benefits from excellent visibility and access on major thoroughfares, Padre Island Highway and Ruben M Torres Boulevard, and is strategically located within a thriving retail corridor near other national brands. Brownsville's robust economy, fueled by the Port of Brownsville, Brownsville/South Padre Island International Airport, SpaceX Starbase, and tourism to South Padre Island, provides a strong built-in customer base, further enhanced by its proximity to the US-Mexico border. The property is offered at $8,215,000, with an attractive assumable financing option available. The property is fee simple ownership with a multi-tenant NNN lease structure.

Location Insight

City

Brownsville

County

Cameron

State

Texas

Longitude

-97.4294

Latitude

25.9441