3610 Stagg DrBeaumont, TX 77701

For Sale
$3,450,000

High-Yield NNN Retail Property in Texas

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 15,709 square foot, three-tenant retail and medical center in Beaumont, Texas. The property, built in 1968 and renovated in 2016, boasts 100% occupancy with a strong NOI of $275,900 and an 8.00% cap rate. Tenants include Safelite AutoGlass, Medical United Foundation, and Educare Community Living Corporation, operating under a triple-net lease (NNN). The 0.92-acre lot is strategically located adjacent to an H-E-B grocery store and is an outparcel to the Gateway Shopping Center, which includes prominent retailers such as Planet Fitness, Firestone, Dollar Tree, and Jason's Deli. The property benefits from its proximity to two major hospital systems, Christus Health and Baptist Hospitals of Southeast Texas, serving a dense population of over 103,000 residents within a five-mile radius. High traffic volume on S 11th St (20,260 VPD) and College St (30,153 VPD) ensures excellent visibility and accessibility. The asking price is $3,450,000, translating to $219.62 per square foot. This property represents a compelling investment in a thriving Texas market, known as the "Golden Triangle" for its significant energy sector. The below-market rent for Safelite AutoGlass presents further upside potential.

Highlights

  • Three-unit retail and medical center in Beaumont, TX, with NNN leases.
  • Fully occupied by Safelite, Medical United Foundation, and Educare Community Living Corporation.
  • Excellent location adjacent to H-E-B and within the 289,000 SF Gateway Shopping Center (Planet Fitness, Firestone, Dollar Tree, Jason's Deli, etc.).
  • Safelite Autoglass lease below market rent.
  • Within one mile of Christus Health and Baptist Hospitals of Southeast Texas.
  • Strong demographics: 103,000+ residents within a five-mile radius.

Property Details for 3610 Stagg Dr

Property type
Other retail properties, Medical space
Square Feet
15,709 SF
Year Built/Renovated
1968/2016
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.07085798166
Longitude
-94.129486851106
3610 Stagg Dr, Beaumont, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3610 Stagg Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message