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Browse More Listings in Retail For Sale, Beaumont, TX or Texas

Retail Property For Sale

Micheals

4150 North Dowlen Road, Beaumont, TX 77706

Price:
$2,700,000
Building Size:
25,725 SF
Price/SF:
$104.96
Property Type:
Retail
Property Sub-type:
Anchor
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
8.50%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 10/6/2009 Listing ID 16266192

Description

The subject property is a single-tenant, net leased Micheals located in Beaumont, Texas. Micheals originally signed a 10 year lease which was renewed April 2009 for 5 years with 3, 5 year options with rental increases.

The property is located on North Dowlen Road, near the junction of Interstate 10 and Route 69/287. The area is a mix of retail and residential properties. Other retailers in the area include Walmart, Best Buy, Gander Mtn., Target, Lowes, as well as many others.

The city of Beaumont is the seat of Jefferson County. The Beaumont-Port Arthur MSA is comprised of the counties of Hardin, Jefferson, and Orange, and is home to more than 375,000 residents. The city is located on the west bank of the Neches River, approximately 85 miles east of Houston and 30 miles north of the Gulf of Mexico. Beaumont, along with nearby Port Arthur and Orange, form the Golden Triangle, a major industrial area on the Gulf Coast.

Financial Summary

Actual
Net Operating Income
$228,750

Map of 4150 North Dowlen Road, Beaumont, TX 77706 (Jefferson County)

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Presented by

Cliff Gustin, Inc.

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Contact Listing Broker

Cliff Gustin (425) 373-4016

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Created 6/5/2009

Additional Information for 4150 Dowlen Road, Beaumont, TX 77706

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 4150 North Dowlen Road, Beaumont, TX 77706

Nearby Land properties for saleSearch all commercial real estate for sale

The Beaumont Centre
$580,000
1.38 Acres
Fuddrucker's Restaurant-4545 Dowlen Rd- Beaumont
$525,000
7,899 SF
Ryan's Restaurant
$2,270,000
10,895 SF

Nearby Retail properties for leaseSearch all commercial real estate for lease

North Park Plaza
Negotiable
1,023 - 4,200 SF
Parkdale Plaza
$14.50/SF/Year
1,800 - 3,600 SF
Parkdale Mall
Negotiable
144 - 26,436 SF
PARKDALE MALL
$14.00/SF/Year
3,296 - 36,966 SF
Dowlen, 4000 bl - Dowlen Towne Ctr - Retail
$13.50 - $20.00/SF/Year
890 - 18,000 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Restaurant
Sold 2Q 2006
Free Standing Bldg
Sold 3Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Micheals

4150 North Dowlen Road, Beaumont, TX, 77706