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+