3998 Twin City Hwy Groves, TX 77619
- Retail properties
- 1,664 SF
- 0.88 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3998 Twin City Hwy
- Year built
- 2024
- Lot size
- 0.88 lot acres
- Property size
- 1,664 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
Exceptional investment opportunity: a 1,664 square foot Valvoline Instant Oil Change in Groves, Texas. This 2024-built, absolute NNN ground lease boasts a 15-year term commencing October 1, 2024, and includes four 5-year renewal options. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property sits on a substantial 0.88-acre lot, part of a larger 5+ acre retail redevelopment project alongside established brands like Wells Fargo, Starbucks, and Blue Wave Express. Located near the high-traffic intersection of Highway 73 and Twin City Highway (77,000+ combined vehicles per day), this Valvoline is the only national brand instant oil change facility on Twin City Highway. The property offers a strong 5.25% cap rate and a substantial net operating income (NOI) of $100,000. The corporate guarantee from Valvoline, a globally recognized brand with over 1,650 locations, provides significant security. This is a rare opportunity to acquire a high-performing, passively managed asset in a rapidly growing area of the Beaumont-Port Arthur MSA (population 392,563+). The asking price is $1,905,000, with a price per square foot of $1,144.83. The property's location within a major industrial area on the Texas Gulf Coast further enhances its long-term value and potential. This is a turnkey investment with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groves
- County
- Jefferson
- State
- Texas
- Longitude
- -93.9311
- Latitude
- 29.9349
