311 Bryan Rd Mission, TX 78572

Property Details for 311 Bryan Rd

Year built

1993

Lot size

7.21 lot acres

Property size

92,117 SF

Property type

Retail space

APN

1469981

Description

This exceptional retail investment opportunity in Mission, Texas, presents a 92,117 square foot center anchored by Burlington and Murdoch's Ranch and Home Supply. The property boasts 100% occupancy with two national credit tenants under long-term NNN leases, offering significant financial stability and minimal landlord responsibilities. Built in 1993, the 7.21-acre property (APN 1469981) is zoned for General Business and enjoys a prime location just four miles from the Anzalduas International Border Crossing, benefiting from substantial cross-border traffic. This strategic location, coupled with proximity to major retail hubs like Sharyland Towne Crossing (over 9 million annual visits) and Market at Sharyland Place (4.9 million annual visits), ensures high visibility and consistent foot traffic. The asking price is $18,518,000, representing a price per square foot of $201.03 and a 6.50% cap rate, with a Net Operating Income (NOI) of $1,203,671. Leases include scheduled rental increases every five years, providing a hedge against inflation. Both tenants have four 5-year options, extending their leases to 2034. Burlington, with an investment-grade credit rating (S&P rated BB+), reported $9.7 billion in fiscal 2023 revenue. Murdoch's is a key regional retailer, with this location being the only one in the Rio Grande Valley and within a 200-mile radius. This property offers a compelling combination of strong tenant credit, long-term leases, and a vibrant retail environment, promising stable and attractive returns for investors. The address is 311 S Bryan Rd, Mission, TX 78572.