Investment Offering
Los Fresnos TX - Los Fresnos Strip Center
1010 West Ocean Blvd | Los Fresnos, TX 78566
$2,548,000
Price5.9%
Cap Rate$150,300
NOI2024
Year Built100%
OccupancyDescription
New Three-Tenant Strip | 100% Occupied | NNN Leases | Fee Simple Ownership.
Opportunity to acquire the Los Fresnos Retail, a brand-new 3-tenant strip in Los Fresnos, Texas (Brownsville-Harlingen MSA).
The 100% occupied building features tenants operating under NNN leases, limiting expense obligations for a future investor.
All three tenants are on new 10-year leases with rental increases and multiple Options to extend.
Strategic Location on Ocean Blvd (Hwy 100).
Located near I-69 on Ocean Blvd, the main feeder road to South Padre Island.
Strong Retail Synergy.
Adjacent to a Walmart Supercenter and surrounded by national retailers, providing a steady stream of customer.
Proximity to Local Schools.
Half mile east of Los Fresnos CISD Campus, containing 14 schools with ~10,500 students enrolled.
1.9 miles southwest of Los Fresnos High School (~3,300 students).
Prime Visibility & Access | Ample Parking | Drive-Thrus.
Situated on Ocean Blvd (Hwy 100) with 22,620 cars passing the site each day
Prominent lighted monument signage.
Ingress/Egress & ADA compliant access options.
Robust parking ratio with over 10 stalls per 1,000 square feet of leaseable area
Drive-thru window on both sides of the building serving Pizza Hut and PJ’s Coffee customers.
Location
Strong Demographics | Local Traffic Drivers | Growing South Texas Submarket | No State Income Tax.
Densely populated and affluent trade area with over 35,000 residents within a 5-mile radius with an average household income over $92,000, projected to increase to over $102,000 by 2030.
11 miles northwest of the Port of Brownsville, a major public port employing over 3,000 people, contributing over $12 billion to the Texas economy in 2023
15 miles north of the US/Mexico border.
Income Tax-Free State.
Documents & Links
| View | ||
|---|---|---|
 Offering Memorandum |  |  |