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Shopping Strip

Beaumont Village

4605-4885 Concord Rd, Beaumont, TX 77703

Listing Price: $11,166,320

Cap Rate
7.50%
Gross SF
159,202
Rentable SF
159,202
Price/Gross SF
$70.14
Lot Size
16.27 acres
Year Built
1958

Investment Overview

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 complimentary 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. The subject property is located at the signalized, hard corner of Concord Road and East Lucas Drive, less than one-half of a mile northeast of Highway 287/Eastex Freeway, one of the major thoroughfares in the city. Beaumont Village is positioned near a dense retail trade area with hundreds of national retailers including The Home Depot, Target, Academy Sports and Outdoors, Barnes & Noble, Walmart, Lowe's Home Improvement, Big Lots, Burlington, Boot Barn, Dollar Tree, Best Buy, Kohl's, Hobby Lobby, and many more. The center is near Parkdale Mall, featuring more than 130 tenants and anchored by Dillard's, JCPenney, Dick's Sporting Goods, and Stage.

Investment Highlights

  • 159,202-Square-Foot, Community Retail Center
  • 81% Occupied | All Current Leases are Triple-Net | Current Average Rents are Below Market
  • Priced at $73 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 will be Approximately 16.27 Acres | Includes Two Pad Sites Facing Concord Road for Possible Future Development

Exclusively Listed By

Shopping Strip

Beaumont Village

Listing Price: $11,166,320

Cap Rate
7.50%
Gross SF
159,202
Rentable SF
159,202
Price/Gross SF
$70.14
Lot Size
16.27 acres
Year Built
1958

Investment Highlights

  • 159,202-Square-Foot, Community Retail Center
  • 81% Occupied | All Current Leases are Triple-Net | Current Average Rents are Below Market
  • Priced at $73 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 will be Approximately 16.27 Acres | Includes Two Pad Sites Facing Concord Road for Possible Future Development

Investment Overview

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 complimentary 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. The subject property is located at the signalized, hard corner of Concord Road and East Lucas Drive, less than one-half of a mile northeast of Highway 287/Eastex Freeway, one of the major thoroughfares in the city. Beaumont Village is positioned near a dense retail trade area with hundreds of national retailers including The Home Depot, Target, Academy Sports and Outdoors, Barnes & Noble, Walmart, Lowe's Home Improvement, Big Lots, Burlington, Boot Barn, Dollar Tree, Best Buy, Kohl's, Hobby Lobby, and many more. The center is near Parkdale Mall, featuring more than 130 tenants and anchored by Dillard's, JCPenney, Dick's Sporting Goods, and Stage.

Exclusively Listed By

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