Toys for Trucks

Toys for Trucks

Beaumont, TX

Beaumont, TX

Toys for Trucks

Offered for sale is the opportunity to acquire a double net lease Toys for Trucks in Beaumont, Texas. The property consists of a 9,600-square-foot, freestanding building that sits on 0.89 acres of land. There are 4.1 years remaining on the current lease term, with a 7.53% rental increase at Option 1 and a 10% rental increase at Options 2 and 3.

Price $1,995,000
Cap Rate 7.50%
Building Size 9,600 sqft
Lot Size 0.89 acres
Year Built 2003
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • New Roof is Being Installed with a 20-Year NDL (No Dollar Limit) Warranty
  • New Double-Net Lease Signed in 2023
  • Excellent Visibility and Access to Dowlen Road (23,917 Vehicles per Day)
  • Tenant Paying Below Market Rent of $15.58/PSF
  • Outparcel to Dowlen Towne Center Near Parkdale Mall (1.3 Million SF of Retail)
  • Toys for Trucks Operates 29 Stores in 16 States
  • Beaumont MSA has a Population of 414,000+

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
Go to Top