935 North Expressway

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935 North Expressway

Brownsville, TX 78523
Asking Price
$5.51M
Cap Rate
7%
Asset Type
School Retail
Class
Class B

What's Special

Single-Tenant NNN | 7.00% CAP | $128.63 PSF <p><strong>LONG-TERM NNN LEASE </strong></p><p>• NNN lease with zero landlord responsibilities </p><p>• Current NOI of $385,542 </p><p>• Scheduled rent increase on June 1, 2029 to $424,096 </p><p>• Lease expiration on May 31, 2034 with no option </p><p>• Tenant in place since June 2014, demonstrating long-term stability </p><p><strong>ESTABLISHED EDUCATIONAL TENANT </strong></p><p>• Occupied by Southern Careers Institute, a Texas-based vocational education provider founded in 1960 </p><p>• Opera

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.95%
Monthly Payment
$27,260.474
Annual Cash Flow
$-247,125.684

Location & Travel Times