Family Dollar | Double Net (NN) Lease

3701 Gulfway Drive, Port Arthur, TX

$1,345,000

Price

7.11%

Cap Rate

$95,606

NOI

Overview
Cap Rate
7.11%
NOI
$95,606
Building Size
8,640 sqft
Lot Area
0.92 acres
Lease Type
Double Net
Year Built
2012
Price Per Sqft
$155.67
Roof & Structure
Landlord’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Landlord Exterior (Tenant Maintains Interior)
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,640 SF Family Dollar Located at 3701 Gulfway Drive in Port Arthur, Texas. This Opportunity Includes a Corporate Guaranteed Lease Situated on a 4-Way Intersection With More Than 69,800 Residents Living Nearby, Providing For a Secure Investment.

In Cooperation with Sands Investment Group Austin, LLC
BoR: Max Freedman - Lic. # 9004706

Highlights
  • Corporate Guaranteed Lease
  • Strategically Positioned With Strong Visibility on a Signalized, 4-Way Intersection
  • Combined Traffic Count of 9th Avenue and Gulfway Drive is Approximately 25,000 VPD
  • Excellent Demographics With Over 69,845 Residents Making an Average Household Income of $57,177 Within a 5-Mile Radius
  • Ideally Located Within 1 Block of the Christus Healthcare Hospital Facility
  • Texas is One of the Few Income Tax Free States in the Country
  • Anticipated Population Growth of Over 7% For the Next 5 Years With Future Job Growth Estimated at 30.79% Over the Next 10 Years
  • Port Arthur is Host to the Largest Oil Refinery in the U.S.
  • 30 Minutes South of Beaumont and 1.5 Hours East of Houston
  • Nearby Tenants Include: Shell, HEB, Boost Mobil, Sonic, Dollar General, Popeyes Louisiana Kitchen, Pizza Hut, Gulfway Pawn Shop, T-Mobile and King’s Pharmacy
Documents

Location
Gallery