Palmhurst, TX 78573

Dutch Bros Ground Lease

Property Address

N Conway Ave & Buddy Owens Boulevard, Palmhurst, TX, USA

Offering Summary

  • Price: $1,300,000
  • Lot Size: 1 Acre
  • Cap Rate: 5.0%
  • Year Built: 2023
  • Building SF: 950
  • Status: Available
Download Brochure Submit Offer
  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Dutch Bros
  • 10 Percent Rental Increases Every Five Years
  • New High-Quality 2023 Construction
  • 190,384 Residents within a Five-Mile Radius
  • Rapid Growth in the Immediate Area with Population and Households Projected to Increase 14-15 Percent in a One-Mile Radius by 2027
  • Located in a Dense Retail Corridor Anchored by H-E-B and Walmart - Other Tenants Include McDonald’s, Chick-fil-A, Goodwill, Whataburger, and Walgreens
  • Situated at a High Traffic Intersection with More Than 48,600 Cars per Day at the Corner of Buddy Owens Boulevard and North Conway Avenue
  • Easy Access to McAllen, One of the Largest Cities in the Rio Grande Valley Attracting 18 Million Visitors Annually, Primarily from South Texas and Northern Mexico

Broker Information