3998 Twin City Hwy
Groves, TX
Price:
$1,905,000
Cap Rate:
5.25%
NOI:
$100,000
Building Size:
Approx. 1,664 Sq. Ft.
Lot Size:
Approx. 0.88 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2024
Investment Overview
- 2024 Construction. 1,664+/- SF Building on 0.88+/- Acre Site
- 15-Year Absolute NNN Ground Lease w/ 10% Rent Increases Every 5 Years, Plus (4), 5-Year Options to Renew
- Near the Major Intersection of Highway 73 and Twin City Highway (77,000+ Combined VPD)
- Only National Brand Instant Oil Change Facility on Twin City Highway
- Large Parcel (0.88 AC) in Coordinated 5+ Acre Retail Redevelopment w/ Wells Fargo, Starbucks, & Blue Wave Express
- Valvoline is a Well-Established and Globally Recognized Brand with Over 1,650 Locations
- Groves | Part of Major Industrial Area on Texas Gulf Coast | Beaumont-Port Arthur MSA Population: 392,563+