- Opportunity to Acquire Scale in the Thriving Rio Grande Valley
- Strong Surrounding Demographic Profile
- Retail Asset Contributes Additional Revenue
- Well-Positioned Asset Primed for Value-Add Implementation
- Opportunity for Enhanced Amenities
- Offered Free & Clear of Existing Debt
Opportunity to Acquire Scale in the Thriving Rio Grande Valley
The Brownsville Harlingen IV Portfolio is strategically situated in the thriving cities of Brownsville and Harlingen, located on a growth corridor in the vibrant Rio Grande Valley in the southernmost part of Texas. This region offers a dynamic and growing market with a range of opportunities for residents and businesses. Major employers moving into the market are driving up both rents and occupancy. The proximity to major employers such as the Port of Brownsville, University of Texas Rio Grande Valley, and the bustling Sunrise Mall positions the properties advantageously for attracting tenants and ensuring sustained demand. In addition, a lack of new inventory in this market contributes to a strong rental occupancy rate, supporting consistent returns for investors.
Strong Surrounding Demographic Profile
Brownsville and Harlingen collectively have a population of approximately 250,000 residents. The demographic profile skews towards a relatively young population, with a notable percentage falling under the age of 18. This indicates a potential for long-term rental demand, particularly from young families and students attending the local educational institutions. The high quality, yet low cost of living, continues to attract a top-tier workforce. These dynamics will keep the Rio Grande Valley regarded as an outstanding market.
Retail Asset Contributes Additional Revenue
The portfolio includes a retail asset, further contributing to revenue and diversifying the income streams. A long-term lease was recently signed with Dollar General. With Dollar General as an anchor and high traffic along the Boca Chica Throughway, three currently vacant storefronts are sure to attract strong retail tenants.
