Starbucks Beaumont, TX

3114 South Martin Luther King Junior Parkway
Beaumont, TX

Price: $2,374,000
Cap Rate: 4.85%
NOI: $115,100
Building Size: Approx. 2,102 Sq. Ft.
Lot Size: Approx. 1.381 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2022

Investment Overview

  • 2022 Construction. 2,102+/- SF Building on 1.381+/- Acre Site
  • New Construction 10 Yr Corporate Net Lease w/ 10% Rent Increases Every 5 Yrs
  • Subject Property Situated Along Martin Luther King Pkwy (29K VPD) Near I-10 & SH 287
  • Directly Across from ExxonMobil Facilities (5,000 Full Time & Contract Employees on Site)
  • Within 2 Miles from Both Port of Beaumont (4th Busiest in US) & Lamar University (15K+ Students)
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
  • Beaumont | Beaumont-Port Arthur MSA | Population: 118,000+