This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

923 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Black Bear Diner | Harlingen, TX 6706 W Expressway 83

5,000 SF Retail Building Harlingen, TX 78552 $4,137,000 ($827/SF) 5.85% Cap Rate

Retail Buildings Texas Harlingen 6706 W Expressway 83, Harlingen, TX 78552

Investment Highlights

  • Rapidly Growing Family Dining Concept - 161+ Locations
  • Triple Net (NNN) Lease - 10% Rental Increases Every 5 Years
  • $104K AHI Within 1-Mile - Income Tax Free State
  • Brand New 15 Year Corporate Lease - Plus 4 - 5 Year Options
  • 2024 Construction - November 12th Grand Opening
  • Retail Corridor - Texas Regional Bank (HQ), Orangetheory Fitness

Executive Summary

Black Bear Diner is a fast-growing, community-oriented family dining concept that was founded in 1995 and has since grown to over 161 locations across 13 states.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2024
Price
$4,137,000
Price Per SF
$827
Cap Rate
5.85%
NOI
$242,015
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
1.27 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Frontage
201 FT on West Expressway 83

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Black Bear Diner
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Nov 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Black Bear Diner Accommodation and Food Services - - Triple Net Nov 2039

Links

1 of 1
(949) 345-0970

  • Listing ID: 33869430

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 6706 W Expressway 83, Harlingen, TX 78552

The Retail Property at 6706 W Expressway 83, Harlingen, TX 78552 is currently available For Sale. Contact CBRE, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/8
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 1 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 2 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW2
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 3 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW3
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 4 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW4
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 5 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW5
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 6 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW6
6706 W Expressway 83, Harlingen, TX for sale Building Photo- Image 7 of 8
Black Bear Diner - Harlingen, TX_SL Images NEW7

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Black Bear Diner | Harlingen, TX | 6706 W Expressway 83
(949) 345-0970 x

Black Bear Diner | Harlingen, TX | 6706 W Expressway 83

1/2

Ian Schroeder

(949) 345-0970

(949) 345-0970

Melissa Ley Marshall

(949) 725-8617

(949) 725-8617

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link