Port Arthur, TX - 3-Tenant Strip

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN-leased, 3-tenant investment property located in Port Arthur, Texas. The current tenants are Stanton Optical, Great Clips, and Spectrum. Stanton Optical’s lease features 3% annual rental increases throughout the remainder of the term. All three tenants have options to extend. The leases are NNN, limiting potential expense leakage and allowing for the pass-through of most operating expenses.

The subject property is located near the signalized, hard corner intersection of Farm to Market Road 365 and Highway 69 which combine to average more than 92,000 vehicles passing by daily. FM 365 is the major retail thoroughfare serving the city of Port Arthur. The asset is an outparcel to Park Central Crossing, which draws 3.6 million visitors annually per Placer.ai and features national/credit tenants such as a Walmart Supercenter, Lowe’s, Academy, Hobby Lobby, Texas Roadhouse, McDonald’s, and many others. The asset is across from Central Mall, with major tenants including Target, JCPenney, T.J. Maxx, Jason’s Deli, Panda Express, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a H-E-B, Ross, Petco, Chick-fil-A, Raising Cane’s, Taco Bell, Whataburger and more, further increasing consumer traffic to the site. The immediate trade area is supported by a population of over 91,000 residents and 35,400 employees within 5 miles and residents within 3 miles have an average household income of $94,214.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003atqfYAA