651 Morrison RdBrownsville, TX 78526

Property Details for 651 Morrison Rd

Year built

2024

Lot size

1.54 AC

Property size (Sq ft)

4,650 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and Laredo Taco, situated on a 1.543-acre lot in Brownsville, Texas. Built in 2024, the property boasts a 15-year corporate NNN lease with a highly reputable tenant, 7-Eleven (S&P rated A), the world's largest chain store operator. The lease commenced November 1, 2024, and expires November 1, 2039, offering significant long-term stability. The lease includes four 5-year renewal options and attractive rent bumps of 7.5% every five years throughout the primary term and option periods. The property features 48 parking spaces and 6 multi-pump dispensers (MPDs). Located at 651 E Morrison Rd, Brownsville, TX 78526, this asset benefits from its strategic placement near Sunrise Mall, a major shopping center with over 100 stores and restaurants, in a high-growth trade area within the rapidly expanding Rio Grande Valley. The property generates a strong net operating income (NOI) of $361,160, resulting in a compelling 5.25% capitalization rate. The asking price is $6,880,000, translating to $1,479.57 per square foot. This is a rare opportunity to acquire a high-performing, passively managed asset with a blue-chip tenant in a thriving market. The property's location in Brownsville, the 8th largest Metropolitan Statistical Area (MSA) in Texas, with a population exceeding 186,738, further enhances its investment appeal. The 100% occupancy ensures immediate cash flow and minimal vacancy risk.

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9669

Longitude

-97.502

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