609 S Home St
Corrigan, TX
Price:
$2,096,000
Cap Rate:
6.50%
NOI:
$136,260
Building Size:
Approx. 2,221 Sq. Ft.
Lot Size:
Approx. 1.164 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2025
Investment Overview
- 2025 Construction. 2,221+/- SF Building on 1.164+/- Acre Site
- New Construction Site with 10 Year Corporate Net Lease, 10% Rental Escalation the Primary Term and (4) 5-Year Option Periods
- High-Traffic Location Near US 59 and US 287 (20,000-30,000 VPD), 60 Miles from Houston
- Located in a Growing East Texas Trade Area, A Short Drive Away from Houston – Corrigan Serves as a Regional Hub Between Lufkin and Livingston
- Anchored by RoyOMartin OSB, Corrigan-Camden ISD, and Regional Hospitals
- Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World, Ranked Most Valuable Brand Globally for 8 Years
- Corrigan | Official Timber Products Capital of Texas | Population: 1,409+