2304 77 Sunshine StripHarlingen, TX 78550
For Sale
$2,400,000
Texas QSR Investment: High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- Brand-new, 660-square-foot Scooter's Coffee on a 0.89-acre lot in Harlingen, TX.
- 20-year absolute triple-net (NNN) lease with a franchisee, minimizing landlord responsibilities.
- Built in 2024, 100% occupancy, $156,000 NOI, 6.50% cap rate on $2,400,000 asking price ($3,636.36/sq ft).
- 7.5% rent increase every five years, plus four five-year options.
- High-traffic location (33,000+ vehicles per day nearby), near other national retailers in a rapidly growing market (2%+ annual growth).
- Franchisee plans to open twelve more Texas locations.
Property Details for 2304 77 Sunshine Strip
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 660 SF
- Year Built/Renovated
- 2024/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 38,768 SF
- Units
- 1
Location Insight
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Latitude
- 26.170937891464
- Longitude
- -97.671997961641
2304 77 Sunshine Strip, Harlingen, Texas
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Texas QSR Investment: High ROI
- Where is the retail property located?
- The property is located at 2304 77 Sunshine Strip Harlingen, TX.
- What is the asking price?
- The asking price for this property is $2,400,000.
- What are key features of this property?
- This property features: Brand-new, 660-square-foot Scooter's Coffee on a 0.89-acre lot in Harlingen, TX.; 20-year absolute triple-net (NNN) lease with a franchisee, minimizing landlord responsibilities.; Built in 2024, 100% occupancy, $156,000 NOI, 6.50% cap rate on $2,400,000 asking price ($3,636.36/sq ft).
- How can I contact the broker?
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