3563 Pablo Kisel Blvd, Brownsville, TX 78526
- Retail properties & Spaces
- 660 SF
- 0.89 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3563 Pablo Kisel Blvd
- Year built
- 2024
- Lot size
- 0.89 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 660-square-foot Scooter's Coffee location in Brownsville, Texas, situated on a 0.89-acre lot at 3563 Pablo Kisel Blvd, 78526. The property boasts a 20-year absolute triple-net (NNN) lease commencing October 1, 2024, and expiring October 1, 2044, with a 7.5% rent increase every five years. The franchisee, an experienced restaurant operator, guarantees the lease and plans to open twelve units in the Texas market. This particular location is projected to be a high performer, exceeding national averages within the Scooter's Coffee system. The current asking price is $2,400,000, representing a $3,636.36 price per square foot and a 6.50% cap rate, with a current NOI of $156,000. The property is a single-story, 2024-built building with 100% occupancy. The lease includes four, five-year renewal options. This is a fee-simple investment with zero landlord responsibilities
Value Estimations
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AI approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Longitude
- -97.505
- Latitude
- 25.9667
