Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a 100 percent occupied, multi-tenant retail center in Brownsville, Texas. Built in 2010, the center is comprised of three buildings totaling 25,130 square feet, situated on 2.155 acres. Tenants consist of Ramadis Restaurant, D’Event, Vertex Design Studio, Pura Nutrition, Shot Republic Bar, The Laboratory Lounge, Sunglass Shop, Team Beauty, Etoile de Paris Beauty Spa, Fit Kitchen, Constantino Hair Salon, Ibissa Lounge Bar, and Mi Pueblito Restaurant. All current leases are triple net; however, the landlord has not been collecting expense reimbursements providing tremendous upside potential. The subject property is located on Pablo Kisel Boulevard at the intersection with Springmart Boulevard in a major retail trade area just east of Interstate 69, with traffic counts exceeding 50,000 vehicles per day. Numerous national and regional retailers neighbor the property, including Buffalo Wild Wings, Target, TJ Maxx, Burlington Coat Factory, Office Depot, Michaels, PetSmart, Ulta Beauty, Chuck E. Cheese’s, Rudy’s, Chili’s, Johnny Carino’s, Ross Dress for Less, Best Buy, Gold’s Gym, Marshall’s, Hampton Inn, Ashley Furniture, Bed Bath & Beyond, Old Navy, Staples, IHOP, and many others. Sunrise Mall is less than a mile south of the property, anchored by Dillard’s, JCPenney, Dick’s Sporting Goods, and Cinemark Theater.