Brownsville TX - Starbucks (Ruben M. Torres BLVD)

Description:

New 2024 Construction | Large Parcel | 10-Year Lease with Limited LL Responsibilities.

New 10-year NN+ lease with minimal landlord responsibilities and a 20-year transferable roof warranty, offering a a passive investment property for an out-of-town investor.

New 2024 high-end construction equipped with a drive-thru.

10% rent increases every 5 years throughout the primary term and option periods provide a hedge against inflation.

Investment-grade tenant – the corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 40,200 locations and a BBB+/Baa1 credit rating from S&P and Moody’s.

Strategic Location,
Strategically located on the “way to work” side of Ruben M. Torres Boulevard, a major east-west thoroughfare, in a densely populated area surrounded by strong national retail tenants providing a steady customer base.

High-traffic location with excellent access, visibility, and ample parking – situated on Ruben M. Torres Boulevard with ~19,400 VPD, 1 block west of E 14th St (Padre Island Hwy) with ~20,250 VPD.

No State Income Tax | Strong Demographics | Local Traffic Drivers Income,
Tax-Free State.

Densely Populated and Affluent Trade Area with over 157,000 residents within a 15 minute drive with an average household income over $67,700, projected to increase to over $73,650 by 2030.
1 mile west of Rivera Early College High School (~2,185 students).
1 mile west of the Port of Brownsville, a major public port employing over.
3,000 people, contributing over $12 billion to the Texas economy in 2023.
3 miles north of the Brownsville South Padre Island International Airport, a strategic port of entry serving the south Texas region with 350,000 passengers in 2024.
Minutes from SpaceX Starbase, now HQ for Starship development.
4 miles east of Homer Hanna High School (~2,246 students).
5.5 miles north of the US/Mexico border.
Brownsville is currently experiencing a construction boom fueled by significant economic growth and strategic investments in infrastructure and development. This is driven by factors such as the expanding Port of Brownsville, SpaceX’s presence, and broader diversification of the local economy.