Three-Tenant Retail
New
For Sale
$2,842,000
8425 Memorial Blvd, Port Arthur, TX 77640
Each occupant has NNN lease terms and an option to extend its agreement.
Property Size7,560 SF
Days on Market1
Property Features for 8425 Memorial Blvd
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Retail
Zoning
Commercial
Building Details
Building Size
7,560 SF
Year Built
2012
Tenancy
Multi
Listing Agency:
Logic Commercial Real Estate | Las Vegas
Listed By:
Michael Kaplan
(808) 377-0765
Source:
Srsre
Added: Oct 16
Last Checked: Oct 16 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Logic Commercial Real Estate | Las Vegas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2012, this retail strip property is occupied by Stanton Optical, Great Clips and Spectrum. All three tenant agreements use an NNN structure and include extension options.
Stanton Optical’s lease provides for 3% annual rent increases through the balance of its term.
Stanton Optical’s lease provides for 3% annual rent increases through the balance of its term.
Key Highlights
- Three tenants: Stanton Optical, Great Clips and Spectrum
- All three leases are NNN and include extension options
- Stanton Optical’s lease has 3% annual rent increases for the remainder of its term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,750
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,000
$2.4M
Cap Rate 7%
$1,725,000
$1.7M
Cap Rate 9%
$1,341,667
$1.3M
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$182.3K $24.12/SF
− Vacancy
−$9.8K −$1.30/SF
EGI
$172.5K $22.82/SF
− OpEx
−$51.8K −$6.85/SF
NOI
$120.8K $15.97/SF
Area
Jefferson County, TX
Vacancy
5.40%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,000
Cap Rate 7%
$1,725,000
Cap Rate 9%
$1,341,667
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,750 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$84.94M
$74.32M – $99.10M
NOI $5,945,784 @ 7.0% cap · market cap 209.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
693k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Dining 26%
Apparel 20%
Shops & Services 19%
Walmart
Superstores
118,442 visits/mo
0.2 miles
Target
Superstores
79,679 visits/mo
0.3 miles
T.J. Maxx
Apparel
47,709 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
43,469 visits/mo
0.3 miles
Ross Dress for Less
Apparel
37,881 visits/mo
0.5 miles
Demographics for 77640, TX
16,618
Population
9,020
Households
1.8
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
37.3 sq mi
ZIP Area
446
Density / Sq Mi
$50,832
Median Household Income
$34,273
Median Earnings
$1,163
Median Rent
$97,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Each occupant has NNN lease terms and an option to extend its agreement.
Where is this strip mall located?
The property is located at 8425 Memorial Blvd Port Arthur, TX.
What is the asking price?
The asking price for this property is $2,842,000.
What are key features of this property?
This property features: Three tenants: Stanton Optical, Great Clips and Spectrum; All three leases are NNN and include extension options; Stanton Optical’s lease has 3% annual rent increases for the remainder of its term
