3990 Lucas DrBeaumont, TX 77708

Property Details for 3990 Lucas Dr

Year built

1994

Lot size

1.37 AC

Property size (Sq ft)

13,288 SF

Property type

Drug stores

APN

021850-000-000100-00000

APU

2185000000010000000

Description

This exceptional investment opportunity presents a 13,500-square-foot Walgreens located at 3990 E Lucas Dr, Beaumont, TX 77708. The property sits on a 1.138-acre lot in a high-traffic area, boasting a prominent hard corner location. Neighboring businesses include Whataburger, Dairy Queen, and Family Dollar, ensuring high visibility and foot traffic. Currently operating under a Net Lease agreement, the property generates a strong NOI of $196,830, resulting in an attractive 8.95% cap rate. The asking price is $2,200,000, translating to $162.96 per square foot. The lease with Walgreens expires September 1, 2024, presenting a compelling opportunity for immediate income and future redevelopment potential. The property's location in Beaumont, Texas, offers access to a thriving community and strong regional economy. This is a rare chance to acquire a well-positioned, income-producing retail asset in a desirable market. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors seeking a stable, high-return investment.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.1216

Longitude

-94.1418

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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