705 North Martin Luther King Junior Parkway
Beaumont, TX
Price:
$2,622,000
Cap Rate:
4.85%
NOI:
$127,155
Building Size:
Approx. 7,190 Sq. Ft.
Lot Size:
Approx. 1.033 Acres
Type:
/ Retail
Sub Category:
Automotive Parts
Year Built:
2022
Investment Overview
- 2022 Construction. 7,190+/- SF Building on 1.033+/- Acre Site
- Brand New 15 Yr Corporate Net Lease w/ (5) 5 Yr Renewal Options
- O’Reilly is a Recession-Resilient Tenant Experiencing Tremendous Growth
- Excellent Highway Location on I-10 (96K VPD) and N Martin Luther King Pkwy (26K VPD)
- Strong Income Demographics w/ est. $74,410 within a 5-Mile Radius
- S&P BBB+ Credit Rating w/ more than 5,750 Locations
- Beaumont | Home to the ExxonMobil Refinery & Chemical Plant | Population: 118,000+