5740 Ruben M Torres BlvdBrownsville, TX 78526

Property Details for 5740 Ruben M Torres Blvd

Year built

2022

Lot size

1.04 AC

Property size (Sq ft)

3,800 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 3,800 square foot retail property, built in 2022, is located at 5740 Ruben M Torres Blvd in Brownsville, Texas, 78526. The property sits on a 1.042-acre lot at a signalized intersection and includes a drive-thru. It boasts 100% occupancy with a strong tenant mix including a large Papa John's corporate franchisee, a strong Fred Loya lease, and Boba Tea Express, all with built-in rent increases. The property generates a net operating income (NOI) of $100,825, resulting in a 6.40% capitalization rate. This investment benefits from its location near Brownsville's major employers, including SpaceX (projected 5,000 employees by 2024) and the Port of Brownsville, less than two miles away. The property is surrounded by numerous national brands, indicating a strong retail environment. The surrounding area demonstrates robust demographics, with over 56,000 people within a three-mile radius having an average household income exceeding $71,000, and over 137,000 people within five miles with an average household income over $69,000. The asking price for this exceptional retail investment is $1,576,000. This is a rare opportunity to acquire a high-performing, newly constructed retail center in a rapidly growing market.

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9449

Longitude

-97.4301

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