7750 9th Ave - Freestanding FOR SALE


Port Arthur, TX 77642- Port Arthur/Groves
$1,650,000 USD
715-505-1200
7750 9th Ave, Port Arthur, TX for Sale
$1,650,000 USD
Freestanding - FOR SALE
1/8
null | 6.73% Cap Rate

7750 9th Ave
Port Arthur, TX 77642
Port Arthur/Groves


OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to present an investment opportunity, located at 7750 9th Ave, Port Arthur, TX, which offers a strong opportunity for long-term income generation, with an asking price of $1,525,000. The property consists of 8,320 square feet of gross leasable area and is fully occupied by Family Dollar, a stable and reliable tenant. The asking price translates to a competitive price per square foot of $183 and a cap rate of 7.28%, based on an annual Net Operating Income (NOI) of $111,055. The long-term lease in place provides significant stability, making it an attractive option for investors seeking secure, passive income. The lease agreement is structured as a NNN+ (triple net) lease, with Family Dollar covering most operational costs, while the landlord is responsible for the roof, structure, and parking. The lease began on August 1, 2020, and is set to expire on September 30, 2028, with six additional 5-year renewal options. Each renewal period includes a 5% rent increase, ensuring consistent rental income over the next several decades. The lease term remaining is a robust 32 years, providing long-term income stability. The property is situated on a 2-acre lot and is easily accessible, with 26 regular parking spaces plus 2 designated handicap spaces. Built and remodeled in 2020, the property is in excellent condition. Additionally, the zoning is LC (Local Commercial), which supports its retail use. The combination of an attractive cap rate, a reliable tenant, and a long-term lease structure makes this an excellent investment opportunity in the retail sector.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Port Arthur

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

LC

APN/PARCEL ID

062250-000-013905-00000

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.