1497 Cardinal DrBeaumont, TX 77705

Property Details for 1497 Cardinal Dr

Lot size

2.99 AC

Property size (Sq ft)

4,916 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a 4,916-square-foot flex industrial building in Beaumont, Texas, currently leased to United Site Services under a net lease. The property sits on a 2.99-acre lot at 1497 W Cardinal Dr, 77705, offering excellent access and visibility with proximity to major highways including Highway 287 and Interstate 10. The lease, with approximately 9.6 years remaining, includes two five-year renewal options at fair market value (FMV), ensuring long-term income stability. Annual rent escalations are set at 4%, providing consistent growth. The landlord's responsibilities are limited to the building structure and roof, which was replaced in 2017 and remains under warranty. The property boasts a 6.75% cap rate and a net operating income (NOI) of $172,953, with an asking price of $2,562,300 ($521.22/sq ft). The building is strategically located within the Beaumont Industrial Submarket, near other significant industrial users, including Turner Industries Group, Alcode, and Goodyear. This property offers a compelling combination of strong tenancy, favorable lease terms, and a prime location within a thriving industrial area. The Beaumont MSA population is 399,460.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0318

Longitude

-94.0951

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