9343 2Nd StBatson, TX 77519

Property Details for 9343 2Nd St

Year built

2022

Lot size

0.92 AC

Property size (Sq ft)

10,488 SF

Property type

Commercial real estate

APN

000016-002305

APU

16002305

Description

This fee-simple retail property in Batson, Texas, presents a compelling investment opportunity. The 10,488 square-foot building, constructed in 2021, houses a Family Dollar/Dollar Tree store operating under a corporate-guaranteed, net lease. The lease commenced August 1, 2021, and has a remaining term of 7.4 years, expiring March 31, 2032. The lease includes annual rent increases of $0.50 per square foot at the beginning of each option period, providing built-in inflation protection. The property boasts a strong 8.00% cap rate and a net operating income (NOI) of $100,800, with an asking price of $1,260,000 ($120.14 per square foot). Situated on a 0.92-acre lot with 37 parking spaces, the property is zoned for general commercial use and enjoys excellent visibility due to its location near the intersection of Main Street and State Highway 105, which sees a combined 9,200 vehicles per day. The property benefits from its proximity to West Hardin High School and a strong demographic profile within a 5-mile radius, including over 1,900 residents and 300 daytime employees, with an average household income of $77,430. The lack of competition within the immediate area further enhances the property's investment potential. The property's APN is 000016-002305.

Location Insight

City

Batson

County

Hardin

State

Texas

Latitude

30.2496

Longitude

-94.6044

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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