3990 Lucas Dr Beaumont, TX 77708-5513
- Drug stores
- 13,288 SF
- 1.37 lot acres
Current Use by Public Records
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
- Redbox / Movie Rental Kiosk / Dvd Store
- FedEx OnSite / Mailing Service
- Enterprise Truck Rental / Truck Rental Agency / Van Rental Agency
- Walgreens / Drug Store / Beauty Supply Store
Property Details for 3990 Lucas Dr
- Year built
- 1994
- Lot size
- 1.37 lot acres
- Property size
- 13,288 SF
- Property type
- Drug stores
- APN
- 021850-000-000100-00000
- APU
- 2185000000010000000
Description
This exceptional investment opportunity presents a 13,500-square-foot Walgreens located at 3990 E Lucas Dr, Beaumont, TX 77708. The property sits on a 1.138-acre lot in a high-traffic area, boasting a prominent hard corner location. Neighboring businesses include Whataburger, Dairy Queen, and Family Dollar, ensuring high visibility and foot traffic. Currently operating under a Net Lease agreement, the property generates a strong NOI of $196,830, resulting in an attractive 8.95% cap rate. The asking price is $2,200,000, translating to $162.96 per square foot. The lease with Walgreens expires September 1, 2024, presenting a compelling opportunity for immediate income and future redevelopment potential. The property's location in Beaumont, Texas, offers access to a thriving community and strong regional economy. This is a rare chance to acquire a well-positioned, income-producing retail asset in a desirable market. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors seeking a stable, high-return investment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $545,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.1418
- Latitude
- 30.1216
- CBSA code
- 13140
- CBSA name
- BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA
