Palenque Grill | New Build, Abs. NNN | A+ Location
NEW CONSTRUCTION – A+ REAL ESTATE – 20 YEAR, ABS. NNN AND 2% ANNUAL RENT INCREASES
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire fee simple ownership of a newly developed Palenque Grill located in Brownsville, Texas. The property is secured by a 20 year absolute NNN lease with zero landlord responsibilities, providing investors with long term, passive income. The lease is corporately guaranteed, commenced on December 1, 2025, and features 2% annual rent escalations, delivering predictable income growth throughout the primary term and extension periods.
Exceptional location positioned along North Frontage Road and Pablo Kisel Boulevard on an expansive 1.29 acre corner parcel, benefiting from direct exposure to a combined 31,500 vehicles per day. The site benefits from strong visibility to over 90,000 VPD along Interstate 69 E, one of the region’s primary commercial thoroughfares. Additionally, the property is supported by significant retail driven consumer traffic from nearby demand generators, including Sunrise Mall—located
one block south of the subject property and encompassing approximately 750,000 SF with 3.6 million annual customer visits—and Sunrise Commons, a 205,000 SF power center that shadows the site and attracts approximately 2.8 million
annual customer visits, making the location a highly desirable dining destination within the broader trade area.
Palenque Grill is a well established full service Mexican restaurant concept operated by the Palenque Group, a proven operator with deep brand loyalty across South Texas and strong average unit volumes (inquire for details). The Palenque Group currently operates 50+ locations across two distinct brands (Taco Palenque and Palenque Grill) and continues to expand throughout Texas to serve its loyal customer base.
Investment highlights
20 Year Absolute NNN Lease With Zero Landlord Responsibilities And Annual Rent Escalations, Providing Durable, Long Term Passive Income, Newly Developed Restaurant w/ Significant Build Out
Exceptional Location: Expansive 1.29 Acre Corner Parcel, Multiple Points of Access With Excellent Visibility/Frontage Along U.S. Highway 83 (Outparcel to Sunrise Commons – 205K SF Power Retail Center – 2.8M Customer Visits TTM)
Corporate Guaranteed Lease From a Proven, Growing Operator: The Palenque Group Operates 50+ Units Across Two Brand; Palenque Grill is Established Full Service Dining Concept With Strong Brand Loyalty, Repeat Customer Traffic, And A Long Operating History In South Texas Supporting Strong AUVs (Inquire for Details)
Growing South Texas Market Supported By Cross Border Commerce, Infrastructure Investment, Port of Brownsville (Current Expansion) And Expanding Employment Drivers Tied To Aerospace, Logistics, And Advanced Manufacturing, Driving Continued Population Growth, Housing Demand, And Retail Expansion Throughout The Brownsville Metro, Strategic Proximity To SpaceX’s Starbase Operations, Located 20–25 Miles From The Site, SpaceX Employs 3,000+ Workers In Cameron County)
Outstanding Traffic Exposure With Approximately ±100,000 Vehicles Per Day Along U.S. Hwy 83 Mainline And ±30,000 Vehicles Per Day On The Adjacent Frontage Road, Driving Consistent Daily Traffic And Brand Visibility
Established Full Service Dining Concept With Strong Brand Loyalty, Repeat Customer Traffic, And A Long Operating History In South Texas
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