3777 North Expressway 83

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3777 North Expressway 83

Brownsville, TX 78526
Asking Price
$3.80M
Cap Rate
7.23%
Asset Type
Shopping Center Retail
Class
Class B

What's Special

10,563-Square-Foot, Multi-Tenant Retail Center | 100% Occupied | Newer (2017) Construction <ul><li>​10,563-Square-Foot, Multi-Tenant Retail Center | Newer (2017) Construction</li><li>​Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net</li><li>​Durable, Medical-Weighted Tenant Mix | 71% Medical Tenancy</li><li>​Airrosti Rehab Center Recently Executed a Five-Year Renewal, Exhibiting Continued Commitment to the Location</li><li>​Strong Rent Growth Profile with Contractual Rent Increases and Renewal Options Across Tenancy</li><li>​Adjacent Pad Sites Include a Two-Tenant Re

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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,800.327
Annual Cash Flow
$-145,603.92

Location & Travel Times