Phillips 66 – Brownsville
NewQuest Properties is pleased to exclusively off er Phillips 66 located at 2300 N Expressway 77/83, Brownsville, TX. The +/-1,700 SF asset sits on 0.8 acres just inside the US/Mexico border. The property features a 15-year original lease with rent commencing December 2020. The lease features 5, ﬁve-year option periods with rent increasing 10% every 5 years through the base term and option periods. The Absolute NNN lease requires zero landlord responsibilities making for a truly passive investment.
- Located less than 5 miles from the US/Mexico border, Phillips 66 has direct access to I-69E
- Originally built in 1994 and redeveloped in 2020, the +/- 1,700 SF property sits on 0.8 AC in Brownsville, TX
- Excellent surrounding retailers include McDonalds, Taco Bell, Whataburger, Wells Fargo Bank, Sonic, Lowe’s, Pizza Hut, Sunrise Mall (Dillard’s, JC Penney, Dick’s Sporting Goods, T-Mobile) and many local and regional tenants
- Average population of 169,000+ within 5 miles
- I-69E has a daily traffic count of 100,000+ VPD