Black Bear Diner (Heavy Retail Corridor)

Black Bear Diner (Heavy Retail Corridor)

Brownsville, TX

Brownsville, TX

Black Bear Diner (Heavy Retail Corridor)

The offering presents the opportunity to acquire a Black Bear Diner located along a heavily trafficked retail corridor in Brownsville, Texas, positioned on Frontage Road 77/83 with exposure to approximately 106,362 vehicles per day. The property operates under a triple-net lease, providing passive ownership with no landlord responsibilities, and is situated within an established regional retail hub supported by national anchors and daily-needs traffic drivers. The site benefits from strong highway visibility, convenient ingress and egress, and proximity to major shopping destinations that contribute to consistent consumer draw.

Price $3,214,000
Cap Rate 7.00%
Building Size 5,600 sqft
Lot Size 0.99 acres
Year Built 2020
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Triple-Net Lease With 5.1 Years Remaining
  • 5,600 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
  • Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)
  • Heavy Retail Corridor Near Sunrise Mall
  • Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
  • Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
  • 169 Locations Across 14 States — Established Casual Dining Brand
  • Brownsville–Harlingen Metro | Population of Approximately 430,000

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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