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29793025
29793026

3867 Frontage Rd, Brownsville, TX 78520

VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$3,214,000
111 days on market
Updated 13 days ago

Black Bear Diner (Heavy Retail Corridor)

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,600
Net Rentable (SqFt) 5,600
Units 1
Cap Rate 7%
NOI $224,950
Occupancy 100%
Tenancy Single
Brand/Tenant Black Bear Diner
Lease Type NNN
Lease Term 10
Lease Expiration 02/28/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $574
Broker Co-Op Yes
Year Built 2020
Acreage 0.990
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2019
Occupancy Date 11/01/2019
Ground Lease No

Triple-Net Lease With 5.1 Years Remaining

Marketing description

The offering presents the opportunity to acquire a Black Bear Diner located along a heavily trafficked retail corridor in Brownsville, Texas, positioned on Frontage Road 77/83 with exposure to approximately 106,362 vehicles per day. The property operates under a triple-net lease, providing passive ownership with no landlord responsibilities, and is situated within an established regional retail hub supported by national anchors and daily-needs traffic drivers. The site benefits from strong highway visibility, convenient ingress and egress, and proximity to major shopping destinations that contribute to consistent consumer draw.

Investment highlights

  • Triple-Net Lease With 5.1 Years Remaining

  • 5,600 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development

  • Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)

  • Heavy Retail Corridor Near Sunrise Mall

  • Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico

  • Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)

  • 169 Locations Across 14 States — Established Casual Dining Brand

  • Brownsville–Harlingen Metro | Population of Approximately 430,000

Listing Contacts

VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$224,950.00
$18,745.83/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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