2730 Lucas Dr Beaumont, TX 77703-1044

Property Details for 2730 Lucas Dr

Year built

2014

Construction

WOOD FRAME

Lot size

1.85 lot acres

Property size

9,170 SF

Property type

Commercial real estate

APN

268427-000-000200-00000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a 9,026-square-foot Dollar General store located at 2730 East Lucas Drive, Beaumont, TX 77703. The property boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $85,284. Built in 2014, this single-tenant, net-leased (NNN) property features a corporate guarantee from Dollar General, ensuring a secure investment. The lease, commencing April 17, 2014, has a remaining term of approximately 4.4 years, with four 5-year renewal options, each including a 10% rent increase. The property sits on a 1.85-acre lot and benefits from a prime location near major highways (Hwy 287) and national retailers such as Target, Home Depot, Best Buy, and Walmart. The surrounding area demonstrates strong demographics, with a 3-mile population of 40,000 and an average household income of $83,000. The absence of immediate discount grocery competition further enhances the property's value. Dollar General Corporation's investment-grade credit rating (BBB) provides additional security. The building is in excellent condition, requiring no deferred maintenance. The asking price is $1,312,061, translating to a price per square foot of $145.36. This is a rare opportunity to acquire a high-performing, well-located retail asset with a strong tenant and significant upside potential.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Longitude

-94.1277

Latitude

30.1263

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments