3831 ExpresswayBrownsville, TX 78520

Property Details for 3831 Expressway

Year built

2021

Lot size

1.66 AC

Property size (Sq ft)

5,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fully stabilized, 5,500-square-foot retail center in Brownsville, Texas. Built in 2021, the property boasts 100% occupancy with two national credit tenants, Verizon Wireless and Sleep Number, both operating under triple-net (NNN) leases featuring scheduled rent increases and renewal options. The center is strategically located along North Expressway 83, a high-traffic corridor exceeding 115,030 vehicles daily. Its prime location is further enhanced by its proximity to Sunrise Mall, a major shopping destination with over 100 stores, and numerous other national and regional retailers. The 1.66-acre lot is part of a larger commercial development, offering excellent visibility and accessibility. The strong tenant lineup, coupled with the high traffic counts and dense population (over 157,321 residents within five miles and 50,000 daytime employees), ensures a stable and attractive return on investment. The asking price is $2,846,400, representing a 7.00% cap rate and a NOI of $199,248. The property's strong fundamentals and location make it an ideal addition to any investment portfolio. Note that limited inspection material is available. The seller acquired the property via Deed in Lieu.

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.9579

Longitude

-97.508

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