1645 Jefferson Dr
Port Arthur, TX
Price:
$4,835,000
NOI:
Contact Agent
Building Size:
Approx. 12,120 Sq. Ft.
Lot Size:
Approx. 11.82 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Retailer
Year Built:
2019
Offering Team
Investment Overview
- 2019 Construction. 12,120+/- SF Building on 1.34+/- Acre Site Plus Additional 10.48 AC of Commercial Land
- Existing Asset with Opportunity for Development – Opportunity for Owner to Cash Flow Existing Asset & Develop Additional Neighboring Retail
- Attractive WALT – Over 25% of Center has 4 Years Remaining on Initial Term, 50% of Center has 3 Years Remaining
- Strong Upside Opportunity – Avg. Gross Rental Rate of $19.64 PSF, Owner can Create Significant Upside by Increasing Base Rates to Market Rates & Converting Reimbursement Structures to NNN
- Highly Visible Location at High-Traffic Intersection – Positioned on the SWC of Gulfway Dr. and Jefferson Dr., Highly Traveled Roads
- Dense Retail Corridor – Neighboring National Retailers Include H-E-B, Family Dollar, O’Reilly Auto Parts, and Autozone
- Port Arthur | Gulf Coast City Forming an Essential Part of the Beaumont–Port Arthur MSA | Population: 396,058+
