Retail

Panda Express Port Arthur TX

3080 FM 365 Port Arthur, Texas United States 77642

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Teaser

I accept the confidentiality agreement

Key Facts

Year Built	2018
Building Area
Occupancy	100.0 %

Property Description

Single tenant outparcel located at the Central Mall in Port Arthur, TX

Investment Highlights

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant, NNN ground lease property leased to Panda Express, Inc. (the “Property”) in Port Arthur, TX. In December 2018, Panda Express commenced their long-term, 20-year ground lease in their newly constructed building. They are required to pay attractive, 10% rental increases every 5 years throughout the term. The rental escalations shall also continue throughout the six (6), five (5) year options that remain. The Property is situated on a 1.00-acre parcel that sits alongside E Farm to Market Rd (FM) 365 – a main artery in the area that carries more than 31,000 VPD. This strategic location combined with the available drive-thru feature, will bode extremely well for this Panda Express, which is 10 miles away from its next closest location.
Consumer traffic in and around the premises is extremely dense in large part due to the close proximity of US-69. US-69 is a 345-mile corridor that carries more than 58,000 VPD and connects Port Arthur to major cities such as Beaumont, Lufkin, Tyler and Denison. The region is also heavily supported by I-10, which provides east-west access to Houston, TX and Lake Charles, TX, respectively. These transportation avenues, among others, allow the Central Mall to draw from a surrounding trade area that consists of more than 330,000 residents within a 20-mile radius and an average household income exceeding $72,000.
Panda Express is America’s favorite Chinese restaurant with more than 1,900 stores and 30,000 associates across the United States, Mexico, Puerto Rico, Canada, South Korea and Dubai. Most notably known for their sweet and spicy Orange Chicken, and crispy Beijing Beef, the company has reached $2 billion in sales and is now the largest family-owned restaurant in the country.

Last Updated Date: 22 Apr 2020

John Indelli

Director, Capital Markets

License details

TX-696391

+17138523407

There was an error submitting your request. Please try again, or submit you inquiry here.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 22 Apr 2020