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Shopping Strip

Verizon Wireless & Snooze Mattress

3831 Frontage Rd, Brownsville, TX 78520

Listing Price: $2,589,000

Cap Rate
7.00%
Gross SF
5,500
Rentable SF
5,500
Price/Gross SF
$470.73
Lot Size
1.66 acres
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Verizon Wireless & Snooze Mattress, a newer construction, 100 percent occupied, two-tenant retail pad positioned within one of Brownsville's premier retail corridors. The property is leased to Verizon Wireless, one of the nation's leading wireless providers, and Snooze Mattress, a rapidly expanding regional retailer, providing investors with stable, triple-net cash flow, contractual rent growth, and minimal landlord responsibilities. Situated along North Expressway 83 in the heart of the city's dominant retail trade area, the asset offers an attractive combination of corporate-quality tenancy, exceptional visibility, embedded rent growth, and long-term appreciation potential.

Investment Highlights

  • Newer Construction | Completed in 2021
  • 100% Occupied | Passive Triple-Net Investment
  • Corporate & Regional Credit Tenancy
  • Irreplaceable Pad Location

Exclusively Listed By

Financing By

Shopping Strip

Verizon Wireless & Snooze Mattress

Listing Price: $2,589,000

Cap Rate
7.00%
Gross SF
5,500
Rentable SF
5,500
Price/Gross SF
$470.73
Lot Size
1.66 acres
Year Built
2021

Investment Highlights

  • Newer Construction | Completed in 2021
  • 100% Occupied | Passive Triple-Net Investment
  • Corporate & Regional Credit Tenancy
  • Irreplaceable Pad Location

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Verizon Wireless & Snooze Mattress, a newer construction, 100 percent occupied, two-tenant retail pad positioned within one of Brownsville's premier retail corridors. The property is leased to Verizon Wireless, one of the nation's leading wireless providers, and Snooze Mattress, a rapidly expanding regional retailer, providing investors with stable, triple-net cash flow, contractual rent growth, and minimal landlord responsibilities. Situated along North Expressway 83 in the heart of the city's dominant retail trade area, the asset offers an attractive combination of corporate-quality tenancy, exceptional visibility, embedded rent growth, and long-term appreciation potential.

Exclusively Listed By

Financing By

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