Verizon Wireless & Snooze Mattress is a fully stabilized, 5,500-square-foot retail investment completed in 2021 and strategically positioned within one of the strongest retail corridors in the Rio Grande Valley. The property is 100 percent leased under triple-net leases to Verizon Wireless and Snooze Mattress, creating a passive income stream supported by contractual rent increases and long-term renewal options.
The center benefits from modern construction, attractive architecture, dedicated parking, and exceptional frontage along North Expressway 83. Investors are offered a rare opportunity to acquire a newer-generation retail pad with durable tenancy, limited near-term capital requirements, and strong long-term income growth.
The subject property is located in a commercial development along the west side of North Expressway 83, benefitting from extremely high traffic counts exceeding ±115,000 vehicles per day. Adjacent pad sites include Olive Garden, Black Bear Diner, LongHorn Steakhouse, and Homewood Suites by Hilton. The property enjoys exceptional visibility within Brownsville’s dominant shopping district, directly across from Sunrise Mall and surrounded by a dense concentration of national retailers including Target, TJ Maxx, Burlington, Best Buy, and numerous restaurant concepts.
Newer Construction | Completed in 2021
Modern retail building with attractive architecture and limited near-term capital expenditure requirements
100% Occupied | Passive Triple-Net Investment
Two-tenant asset with expense reimbursements and minimal landlord responsibilities
Corporate & Regional Credit Tenancy
Verizon Wireless (NYSE: VZ) is one of the nation’s leading wireless providers, complemented by Snooze Mattress, an expanding regional mattress retailer with approximately 10 Texas locations.
Embedded Rent Growth
Contractual rent increases throughout both leases provide built-in NOI growth without additional leasing risk
Irreplaceable Pad Location
Stand-alone retail building with monument signage, modern construction, excellent visibility, and long-term investment appeal
Exceptional Visibility
Frontage along North Expressway 83 with traffic counts exceeding 115,000 vehicles per day
Premier Retail Trade Area
Surrounded by Target, TJ Maxx, Burlington, Best Buy, Lowe’s, Olive Garden, LongHorn Steakhouse, Black Bear Diner, and more
Regional Consumer Destination
Directly across from Sunrise Mall, featuring 100+ retailers and entertainment destinations
Powerful Regional Growth Drivers
Benefiting from expanding employment driven by the Port of Brownsville, SpaceX Starbase, and cross-border commerce
Dense Population & Workforce
Five-mile population exceeding 161,000 residents plus an estimated 50,000 daytime employees
