Beaumont Village is an 81 percent occupied, 159,202-square-foot, multi-tenant community retail center located in Beaumont, Texas. All current leases are triple-net, and tenants are a complementary mix of national and local retailers including Focus Services, Citi Trends, Affordable Home Furnishings, Family Dollar, EZ Pawn, La Morenita Meat Market, King Smiles Dental, Covington Credit Corporation, Boost Mobile, H&R Block, Village Washateria, Hair World Beauty Supply, and others. The landlord is currently in the process of replatting the land parcel; landlord estimates the acreage will be approximately 16.27 acreage after the replat is completed.
- 159,202-Square-Foot, Community Retail Center
- 81% Occupied | All Current Leases are Triple-Net | Current Average Rents are Below Market
- Value-Add Opportunity | Pro Forma Cap Rate is 11.92%
- Priced at $59 per Square Foot | Well Below Replacement Cost
- Complementary Mix of National and Local Tenants | Major Tenants Include Focus Services, Affordable Home Furnishings, Citi Trends, Family Dollar, and La Morenita Meat Market
- Landlord is in the Process of Replatting the Parcel | Lot Size is Expected to be Approximately 16.27 Acres | Includes Two Pad Sites Facing Concord Road for Possible Future Development
- Signalized, Hard Corner Location | Cumulative Traffic Counts Exceed 40,290 Vehicles per Day
- Hundreds of National and Regional Retailers in the Neighboring Area, Including Target, Academy Sports and Outdoors, Barnes & Noble, Walmart, Lowe’s Home Improvement, Big Lots, Burlington, Boot Barn, Dollar Tree, Best Buy, Kohl’s, and Hobby Lobby
- Population Exceeds 89,700 Residents within a Five-Mile Radius and has an Average Household Income of $79,083
- The City is Located Within the Beaumont-Port Arthur MSA in Southeast Texas | 85 Miles East of Houston | Serves as the County Seat of Jefferson County
- Home to Lamar University, a Member of the Texas State University System | Enrollment is Approximately 17,488 Students (Fall 2020)
