Mt Tabor Development Opportunity | 5633 SE Division St
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
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- *ACTUAL OUTPUT FOR PROVIDED RECORD:**
- Development site in Portland's sought-after South Mt. Tabor neighborhood, offered at $1,200,000 ($85 per square foot). The 0.32-acre, flat rectangular parcel is zoned CM2 (Commercial Mixed Use) and supports diverse development potential, including multi-story mixed-use with ground-floor retail and up to 50 residential units, healthcare facilities, office, educational/daycare centers, or retail. The zoning permits building heights up to 45 feet, with additional height available through bonuses. Ownership is flexible and willing to provide additional time for buyers to advance development plans.
- Located on highly trafficked SE Division Street with excellent visibility, the site is steps from Mt. Tabor Park, which features scenic trails, tennis courts, open meadows, a dog park, and panoramic downtown views. Public transportation via TriMet Rapid Transit provides direct connections to downtown Portland and Gresham. The property is surrounded by established schools and institutions: Atkinson Elementary, the recently renovated Franklin High School, Warner Pacific University, and Portland Community College's Southeast Campus. Nearby restaurants, retail shops, and essential services round out the walkable neighborhood.
- Highlights:
- CM2 zoning supports mixed-use, residential, healthcare, office, and retail
- Up to 50 residential units potential with ground-floor retail
- Building heights up to 45 feet, plus bonus height available
- Mt. Tabor Park nearby with trails, courts, and downtown views
- TriMet Rapid Transit access; walkable to schools and services
More property details
Features & amenities
Location
This 14,000-square-foot, flat, rectangular site presents an exceptional development opportunity in the sought-after South Mt. Tabor neighborhood. Zoned CM2 (Commercial Mixed Use), the property supports a variety of potential uses, including a multi-story mixed-use development with ground-floor retail and up to 50 residential units, as well as healthcare facilities, office space, educational or daycare centers, and retail. The zoning permits building heights of up to 45 feet, with additional height available through bonuses. Situated on the highly trafficked SE Division Street, the site benefits from excellent visibility and convenient access to nearby restaurants, retail shops, and essential services. The renowned Mt. Tabor Park, offering scenic trails, tennis courts, open meadows, a dog park, and panoramic views of downtown Portland, is just a few blocks away. Public transportation is easily accessible via TriMet Rapid Transit, providing direct connections to downtown Portland and Gresham. The property is also surrounded by established educational institutions, including Atkinson Elementary School, the recently renovated Franklin High School, Warner Pacific University, and Portland Community College's Southeast Campus. Ownership is flexible and willing to provide buyers with additional time to advance development plans. Offered at $85 per square foot.