2146 5Th Ave Port Arthur, TX 77642
- Warehouses
- 8.14 lot acres
Current Use by Public Records
- Pat Tank / Construction
Property Details for 2146 5Th Ave
- Year built
- 1978
- Lot size
- 8.14 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 45,062-square-foot warehouse in Port Arthur, Texas, situated on an 8.14-acre lot at 2146 5th Ave, 77642. The property boasts 10 dock-high doors and 30 parking spaces. Currently 100% occupied by a single tenant under a 20-year absolute triple net (NNN) lease, this sale-leaseback offers a compelling 8.50% capitalization rate with a strong NOI of $286,144. The lease includes a 2.5% annual rent increase, providing consistent income growth. Lease options include four 5-year terms or two 10-year terms. The tenant, specializing in above-ground storage tank construction, repair, and maintenance, serves key industries including petroleum, agriculture, power generation, and chemicals. The property, built in 1978, is zoned for Special Use Permit (SUP) and benefits from its strategic location between Houston and Lafayette, directly off Highway 10, with potential for future expansion. The tenant's financial profile is strong, and the property is mission-critical to their operations. Significant investment has been made in the facility's machinery and equipment. This is a rare opportunity to acquire a stable, high-yielding industrial asset with a long-term, secure lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Arthur
- County
- Jefferson
- State
- Texas
- Longitude
- -93.9288
- Latitude
- 29.9066
