123 S Lhs Dr
Lumberton, TX
Price:
$2,085,000
Cap Rate:
6.00%
NOI:
$125,274
Building Size:
Approx. 1,438 Sq. Ft.
Lot Size:
Approx. 0.46 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2022
Investment Overview
- 2022 Construction. 1,438+/- SF Building on 0.46+/- Acre Site
- 12 Years Remaining on a 15-Year Absolute NNN Lease with 10% Increases Every 5 Years and (3) 5-Year Options to Renew
- High-Visibility Retail Location Adjacent to Walmart – Prime Location with Direct Access to Hwy 69 and FM 421
- Signalized Intersection Frontage that Sees Over 24,000 VPD
- Surrounded by Strong National Co-Tenancy – Next to Walmart (1.6MM Visitors/Year), Starbucks, Burger King, CVS, and Subway
- Take 5 Oil Change Climbs to #27 on Entrepreneur’s Fastest-Growing Franchises List | 1,100+ Locations with $2.1B in Revenue
- Lumberton | Grown over 10% in Population Since 2015 | Population: 14,469+