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- LoopNet Team
3400 FM 365
Port Arthur, TX 77642
20-Yr Arby's Ground Lease in TX | $70,000 NOI · Retail Property For Sale
Investment Highlights
- 20-Year Absolute NNN Ground Lease with Scheduled Rental Increases Every Five Years
- Surrounded by Large Employers, including Sunoco Oil/Phillips 66 (3,622 Employees), and Valero Refining Group (825 Employees)
- New 2020 Construction Featuring Dedicated Drive-Thru | Located in an Income Tax Free State
- Irreplaceable Infill Location in Dense Retail Corridor | 28,150 AADT at the Signalized Intersection of Central Mall Drive and East Farm to Market Road
- Population of 84,414 Within Five Miles of the Property | Average Household Income of $82,378 Within Three Miles of the Property
Property Facts
About 3400 FM 365 , PORT ARTHUR, TX 77642
The property is just off of the signalized intersection of Central Mall Drive and East Farm to Market Road 365, which experiences a high traffic count of 28,150 vehicles per day. East Farm to Market Road 365 provides convenient access to U.S. 287, a major north-south interstate highway connecting Texas and Montana (35,400 AADT). The property is strategically located next to Central Mall, a 700,000+ SF mall featuring 73 stores and notable tenants such as Target, Bed Bath & Beyond, JCPenney, T.J. Maxx, and more. Additionally, the property is surrounded by large employers, including Sunoco Oil/Phillips 66 (3,622 employees), Valero Refining Group (825 employees), BASF Corporation (460 employees), and Total Petrochemicals & Refining(450 employees). The site is also within two miles of 15 hotels, including TownePlace Suites by Marriott Beaumont-Port Arthur (96 rooms) and Holiday Inn Express & Suites Port Arthur (92 rooms). The property is supported by a strong customer base with robust demographics. The average household income within three miles of the property is $82,378, with a projected 14 percent increase in the next five years. Additionally, the property is in a high-growth area, with a population of 41,838 within three miles and 84,414 within five miles of the property. The site is within two miles of seven apartment complexes and three miles from Jack Brooks Regional Airport, which experiences 30,000+ annual passengers and serves an expanding regional population base in excess of 500,000.
