Ojos Locos
Retail | 6.50% CAP | 6,512 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for an Ojos Locos located at 3100 N Expressway 83, Brownsville, TX 78526. The site consists of roughly 6,512 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Ojos Locos is subject to a 20-year Triple Net (NNN) lease, which commenced 6/27/2022. The current annual rent is $331,224 and has scheduled increases of 2.0% annually beginning 2029.
Investment highlights
Corporate Guarantee | The lease is backed by OL Texas Restaurants LLC with CEH SPE, LLC as guarantor, offering enhanced credit security for investors.
Strong Rental Structure with Built-in Growth | Lease features 2.00% annual increases beginning May 2030, ensuring steady NOI growth and a natural hedge against inflation.
Attractive Price Per Square Foot | With a building size of 6,590 SF and a purchase price under $5.1M, the offering presents a favorable price per SF for a newer-construction, corporate-guaranteed asset.
Strategic Highway Frontage | The property sits directly along Expressway 83, one of the region’s most heavily trafficked corridors, with over 25,000 vehicles per day, providing excellent visibility and accessibility.
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