S Major Dr
Beaumont, TX 77707
Great 1031 Exchange NNN Lease · Retail Property For Sale
Property Facts
About S MAJOR DR , BEAUMONT, TX 77707
DESCRIPTION Great opportunity for 1031 exchange. Over 45 years of rental history. This is free standing building with a Conventioneer store since 1970. The remaining lease is for 8 more years with Five 5 year options to renew with 10% Rent Increase at the renewal of every option. Monthly Rent $ 3150.00 Plus NNN for first five years and 10% increase after the first five years starting $3465.00 plus NNN at the start of 6th year. There will be another 10 % increase on the renewal of second renewal option. Tenant is responsible for Taxes Insurances and maintenance. Ideal for 1031 Exchange Great opportunity for investment. We can help arrange financing as well. Best opportunity for 1031 Exchange. The location is in the front of a huge neighborhood.
