1497 Cardinal DrBeaumont, TX 77705

This exceptional investment opportunity presents a 4,916-square-foot flex industrial building in Beaumont, Texas, currently leased to United Site Services under a net lease. The property sits on a 2.99-acre lot at 1497 W Cardinal Dr, 77705, offering excellent access and visibility with proximity to major highways including Highway 287 and Interstate 10. The lease, with approximately 9.6 years remaining, includes two five-year renewal options at fair market value (FMV), ensuring long-term income stability. Annual rent escalations are set at 4%, providing consistent growth. The landlord's responsibilities are limited to the building structure and roof, which was replaced in 2017 and remains under warranty. The property boasts a 6.75% cap rate and a net operating income (NOI) of $172,953, with an asking price of $2,562,300 ($521.22/sq ft). The building is strategically located within the Beaumont Industrial Submarket, near other significant industrial users, including Turner Industries Group, Alcode, and Goodyear. This property offers a compelling combination of strong tenancy, favorable lease terms, and a prime location within a thriving industrial area. The Beaumont MSA population is 399,460.