3563 Pablo Kisel BlvdBrownsville, TX 78526
- Retail properties
- 660 SF
Property Details for 3563 Pablo Kisel Blvd
- Year built
- 2024
- Lot size
- 0.89 AC
- Property size (Sq ft)
- 660 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 660-square-foot Scooter's Coffee location in Brownsville, Texas, situated on a 0.89-acre lot at 3563 Pablo Kisel Blvd, 78526. The property boasts a 20-year absolute triple-net (NNN) lease commencing October 1, 2024, and expiring October 1, 2044, with a 7.5% rent increase every five years. The franchisee, an experienced restaurant operator, guarantees the lease and plans to open twelve units in the Texas market. This particular location is projected to be a high performer, exceeding national averages within the Scooter's Coffee system. The current asking price is $2,400,000, representing a $3,636.36 price per square foot and a 6.50% cap rate, with a current NOI of $156,000. The property is a single-story, 2024-built building with 100% occupancy. The lease includes four, five-year renewal options. This is a fee-simple investment with zero landlord responsibilities
Location Insight
- City
- Brownsville
- County
- Cameron
- State
- Texas
- Latitude
- 25.9667
- Longitude
- -97.505
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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