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Walgreens

3900 East Lucas Drive, Beaumont, TX, United States
$2,982,273 6.60% Cap 13,500 sq ft Representative Photo Print This Page

Location

3900 East Lucas Drive, Beaumont, TX, United States

Price: $2,982,273
CAP Rate: 6.60%
NOI: $196,830
Square-Footage: 13,500
Lot Size: 1.14 AC

100% Fee Simple InterestCorporate GuaranteeInvestment Grade CreditLong Term Net LeaseMinimal Landlord ObligationsS&P Rated BBB

This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a long term net lease with 7 years remaining. The lease calls for minimal landlord obligations. The property benefits from its location on a highly trafficked thoroughfare in a thriving market. The asset is surrounded by national retailers including Walmart, The Home Depot and AutoZone The asset also benefits from its location at a signalized hard corner with excellent visibility.

Beaumont, Texas lies 90 miles east of Houston and sits within the Beaumont-Port Arthur MSA (Population: 408,419). The property is well located with excellent access and excellent visibility.

Beaumont is located in Jefferson County, Texas. Beaumont is just a one-hour drive east of Houston. Beaumont has transformed into one of the most major refinery hubs in the country. The city also has a strong healthcare sector.

Among the city’s top employers are Cai, LP, Exxon Mobil, Christus St. Elizabeth Hospital, Baptists Hospital of Southeast Texas and Memorial Hermann Baptist Hospital.

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presented by

Jacob Abusharkh Managing Principal View profile
Kase Abusharkh Founding Principal View profile

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