Alton Gloor Blvd, Brownsville, TX 78526
- Retail properties & Spaces
- 2,824 SF
- 1.95 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Alton Gloor Blvd
- Year built
- 2024
- Lot size
- 1.95 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 2,824 square-foot Murphy USA convenience store and gas station in Brownsville, Texas. Located at the highly visible intersection of Paredes Line Road and E. Alton Gloor Boulevard, this property boasts a 20.1-year remaining lease term (commencing February 15, 2024 and expiring December 31, 2044) with a corporate guarantee from Murphy USA, a publicly traded company (NYSE: MUSA). The absolute triple-net (NNN) ground lease ensures zero landlord responsibilities. The property sits on a 1.95-acre lot and features 12 fueling positions. Rent increases are structured with an 8% bump every five years. The asking price is $2,340,000, representing a price per square foot of $828.61 and a 5.00% cap rate, with a current net operating income (NOI) of $117,000. The property benefits from a strong location with over 25,000 vehicles per day passing by, a large population within a 5-mile radius (over 143,000 people), and proximity to the University of Texas Rio Grande Valley. The lease includes four 5-year renewal options. This is a secure, low-maintenance investment in a prime location within a thriving Texas market. The property was built in 2024 and enjoys 100% occupancy. Brownsville's status as a major trade center and its designation as one of the safest cities in the United States further enhance the investment's appeal. Texas's income tax-free status is an added benefit.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.5016
- Latitude
- 25.9795
