Sunrise Plaza

Price: $7,044,000
Sq. Ft.: 35,792
Cap Rate: 7.9%
Built: 2002

Sunrise Plaza is a 35,792-square foot multi-tenant retail center in Brownsville, TX. The center is currently 100 percent occupied, and all leases are triple-net. Sunrise Plaza is a mix of local and national tenants, with 51 percent of the income derived from national credit tenants. Major tenants include Mattress Firm, Gracie Barra Brazilian Jiu-Jitsu, Leslie’s Poolmart, Nutrishop, America’s Best Eyeglass, and Shenanigan’s Irish Pub. The building was constructed in 2002 and sits on 2.9 acres of land.

The subject property is located on Pablo Kisel Boulevard in a major retail trade area just off of U.S. Highway 83 (Interstate 69), with traffic counts exceeding 50,000-vehicles per day. Numerous national and regional retailers neighbor the property, including Chuck E. Cheese’s, Rudy’s, Chili’s, Johnny Carino’s, Ross Dress for Less, Pier 1 Imports, Best Buy, Gold’s Gym, Marshall’s, Hampton Inn, Kmart, Ashley Furniture, Bed Bath & Beyond, Old Navy, Staples, IHOP, and many others. Sunrise Plaza is directly across from Sunrise Mall, anchored by Dillard’s, JCPenney, Bealls, Dick’s Sporting Goods, Sears, and Cinemark Theater.