9343 2Nd St Batson, TX 77519
- Commercial real estate
- 10,488 SF
- 0.92 lot acres
Current Use by Public Records
- Family Dollar / School Supply Store / Toy Store
Property Details for 9343 2Nd St
- Year built
- 2022
- Lot size
- 0.92 lot acres
- Property size
- 10,488 SF
- Property type
- Commercial real estate
- APN
- 000016-002305
- APU
- 16002305
Description
This fee-simple retail property in Batson, Texas, presents a compelling investment opportunity. The 10,488 square-foot building, constructed in 2021, houses a Family Dollar/Dollar Tree store operating under a corporate-guaranteed, net lease. The lease commenced August 1, 2021, and has a remaining term of 7.4 years, expiring March 31, 2032. The lease includes annual rent increases of $0.50 per square foot at the beginning of each option period, providing built-in inflation protection. The property boasts a strong 8.00% cap rate and a net operating income (NOI) of $100,800, with an asking price of $1,260,000 ($120.14 per square foot). Situated on a 0.92-acre lot with 37 parking spaces, the property is zoned for general commercial use and enjoys excellent visibility due to its location near the intersection of Main Street and State Highway 105, which sees a combined 9,200 vehicles per day. The property benefits from its proximity to West Hardin High School and a strong demographic profile within a 5-mile radius, including over 1,900 residents and 300 daytime employees, with an average household income of $77,430. The lack of competition within the immediate area further enhances the property's investment potential. The property's APN is 000016-002305.
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
- Batson
- County
- Hardin
- State
- Texas
- Longitude
- -94.6044
- Latitude
- 30.2496
- CBSA code
- 13140
- CBSA name
- BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA
