Restaurant
Ojos Locos
3100 North Expy, Brownsville, TX 78520
Listing Price: $5,217,391
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 3100 North Expressway in Brownsville, Texas. The subject property consists of an estimated 7,500 rentable square feet and is situated on roughly 1.47 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50% every five (5) years, continuing throughout four (4), five (5)-year tenant renewal options.
Ojos Locos
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
- Corporate Guaranty: The lease will carry a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
- Brand-New Construction: The property is projected to open for business in June of 2022
Exclusively Listed By
Broker of Record
Listing Price: $5,217,391
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand-new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities
- Corporate Guaranty: The lease will carry a corporate guaranty from Crazy Eyes Holdings, LLC, the parent company of Ojos Locos
- Brand-New Construction: The property is projected to open for business in June of 2022
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Ojos Locos Sports Cantina located at 3100 North Expressway in Brownsville, Texas. The subject property consists of an estimated 7,500 rentable square feet and is situated on roughly 1.47 acres of land. The property is subject to a brand-new, 20-year sale-leaseback that will commence upon the close of escrow. The base rent will be $300,000 and is scheduled to increase by 7.50% every five (5) years, continuing throughout four (4), five (5)-year tenant renewal options.
Exclusively Listed By
Broker of Record
