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Shopping Strip

Pablo Kisel Retail

3101 Pablo Kisel Blvd, Brownsville, TX 78526

Listing Price: $4,200,000

Cap Rate
9.25%
Gross SF
25,030
Rentable SF
25,030
Price/Gross SF
$167.80
Lot Size
2.16 acres
Year Built
2010

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.

Investment Highlights

  • Located at the Intersection of Pablo Kisel Boulevard and Springmart Boulevard in a Major Retail Trade Area off Interstate 69
  • 100% Occupied Multi-Tenant Retail Center
  • All Leases are Triple Net
  • Landlord is Not Currently Collecting Expense Reimbursements, Providing Tremendous Upside Potential

Exclusively Listed By

Listing Price: $4,200,000

Cap Rate
9.25%
Gross SF
25,030
Rentable SF
25,030
Price/Gross SF
$167.80
Lot Size
2.16 acres
Year Built
2010

Investment Highlights

  • Located at the Intersection of Pablo Kisel Boulevard and Springmart Boulevard in a Major Retail Trade Area off Interstate 69
  • 100% Occupied Multi-Tenant Retail Center
  • All Leases are Triple Net
  • Landlord is Not Currently Collecting Expense Reimbursements, Providing Tremendous Upside Potential

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.

Exclusively Listed By

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