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Black Bear Diner | Harlingen, TX 6706 W Expressway 83

5,000 SF Retail Building Harlingen, TX 78552 £3,268,271 (£654/SF) 5.85% Net Initial Yield

Investment Highlights

  • Rapidly Growing Family Dining Concept - 161+ Locations
  • Triple Net (NNN) Lease - 10% Rental Increases Every 5 Years
  • $104K AHI Within 1-Mile - Income Tax Free State
  • Brand New 15 Year Corporate Lease - Plus 4 - 5 Year Options
  • 2024 Construction - November 12th Grand Opening
  • Retail Corridor - Texas Regional Bank (HQ), Orangetheory Fitness

Executive Summary

Black Bear Diner is a fast-growing, community-oriented family dining concept that was founded in 1995 and has since grown to over 161 locations across 13 states.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2024
Price
£3,268,271
Price Per SF
£654
Net Initial Yield
5.85%
NOI
£191,194
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
1.27 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Frontage
201 ft on West Expressway 83

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Black Bear Diner
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Nov 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Black Bear Diner Accommodation and Food Services - - Triple Net Nov 2039

Links

1 of 1
(949) 345-0970

  • Listing ID: 33869430

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 6706 W Expressway 83, Harlingen, TX 78552

The Retail Property at 6706 W Expressway 83, Harlingen, TX 78552 is currently available For Sale. Contact CBRE, Inc. for more information.

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6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 1 of 8
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6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 3 of 8
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6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 4 of 8
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6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 5 of 8
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6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 6 of 8
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© 2024 CoStar Group

Black Bear Diner | Harlingen, TX | 6706 W Expressway 83
(949) 345-0970 x

Black Bear Diner | Harlingen, TX | 6706 W Expressway 83

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Ian Schroeder

(949) 345-0970

(949) 345-0970

Melissa Ley Marshall

(949) 725-8617

(949) 725-8617

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