3831 Expressway Brownsville, TX 78520
- Lifestyle centers
- 5,500 SF
- 1.66 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3831 Expressway
- Year built
- 2021
- Lot size
- 1.66 lot acres
- Property size
- 5,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fully stabilized, 5,500-square-foot retail center in Brownsville, Texas. Built in 2021, the property boasts 100% occupancy with two national credit tenants, Verizon Wireless and Sleep Number, both operating under triple-net (NNN) leases featuring scheduled rent increases and renewal options. The center is strategically located along North Expressway 83, a high-traffic corridor exceeding 115,030 vehicles daily. Its prime location is further enhanced by its proximity to Sunrise Mall, a major shopping destination with over 100 stores, and numerous other national and regional retailers. The 1.66-acre lot is part of a larger commercial development, offering excellent visibility and accessibility. The strong tenant lineup, coupled with the high traffic counts and dense population (over 157,321 residents within five miles and 50,000 daytime employees), ensures a stable and attractive return on investment. The asking price is $2,846,400, representing a 7.00% cap rate and a NOI of $199,248. The property's strong fundamentals and location make it an ideal addition to any investment portfolio. Note that limited inspection material is available. The seller acquired the property via Deed in Lieu.
Value Estimation
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CAP 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
- -97.508
- Latitude
- 25.9579
