1497 Cardinal Dr Beaumont, TX 77705
- Industrial properties
- 4,916 SF
- 2.99 lot acres
Current Use by Public Records
- United Site Services / Portable Toilet Supplier / Fence Supply Store
Property Details for 1497 Cardinal Dr
- Lot size
- 2.99 lot acres
- Property size
- 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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.0951
- Latitude
- 30.0318
