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- LoopNet Team
6140 Delaware St
Beaumont, TX 77706
Christian Brothers Automotive | 14yrs Abs NNN · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 6140 DELAWARE ST , BEAUMONT, TX 77706
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building) in an absolute NNN leased, corporate guaranteed, freestanding, Christian Brothers Automotive, investment property located in Beaumont, TX. The tenant, Christian Brothers Automotive Corporation, has approximately 14 years remaining in the initial term and 5 (10-year) option periods to extend. The lease features a 1.5% rental increase in year 6 and annual 1.5% rental increases thereafter throughout the options, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities. The property is currently subleased to S.O.M. Management, LLC, an operator of Christian Brothers Automotive.
