Palenque Grill 20 Yr Abs Nnn 2 Annual Bumps — Sale in Brownsville, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brownsville, TX 78526

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire fee simple ownership of a newly developed Palenque Grill located in Brownsville, Texas. The property is secured by a 20 year absolute NNN lease with zero landlord responsibilities, providing investors with long term, passive income. The lease is corporately guaranteed, commenced on December 1, 2025, and features 2% annual rent escalations, delivering predictable income growth throughout the primary term and extension periods. Exceptional location positioned along North Frontage Road and Pablo Kisel Boulevard on an expansive 1.29 acre corner parcel, benefiting from direct exposure to a combined 31,500 vehicles per day. The site benefits from strong visibility to over 90,000 VPD along Interstate 69 E, one of the region’s primary commercial thoroughfares. Additionally, the property is supported by significant retail driven consumer traffic from nearby demand generators, including Sunrise Mall—located one block south of the subject property and encompassing approximately 750,000 SF with 3.6 million annual customer visits—and Sunrise Commons, a 205,000 SF power center that shadows the site and attracts approximately 2.8 million annual customer visits, making the location a highly desirable dining destination within the broader trade area. Palenque Grill is a well established full service Mexican restaurant concept operated by the Palenque Group, a proven operator with deep brand loyalty across South Texas and strong average unit volumes (inquire for details). The Palenque Group currently operates 50+ locations across two distinct brands (Taco Palenque and Palenque Grill) and continues to expand throughout Texas to serve its loyal customer base. Investment Highlights: • 20 Year Absolute NNN Lease With Zero Landlord Responsibilities And Annual Rent Escalations, Providing Durable, Long Term Passive Income, Newly Developed Restaurant w/ Significant Build Out • Exceptional Location: Expansive 1.29 Acre Corne

Market Context

This retail in Brownsville, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Brownsville, TX — view the full market.

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