Dollar General Grocery
For Sale
$1,283,333
10 N 11th St, Beaumont, TX 77702
Established grocery and convenience store with GC-MD zoning and an existing commercial building.
Property Size9,012 SF
Price / SF$142.37
Days on Market86
Property Features for 10 N 11th St
General Information
Standard status
Active
Size
9,012 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
±1.5 YRS
Net Operating Income
$115,500
Additional Details
Cap Rate
9%
Building Details
Building Size
9,012 SF
Year Built
2010
Listed By:
Edward DeSimone · License #10401386411 (NY)
(646) 216-8570
Source:
Matthews
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 12 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edward DeSimone
Investment Insights
Based on property information with market context.
This Dollar General property is a 9,014-square-foot grocery and convenience store completed in 2010. The building is located at 10 N 11th St in Beaumont, Texas, and carries GC-MD zoning, providing the documented land-use designation for the site.
The offering is identified with a 9.00% cap rate. The property combines an established branded retail use with an existing commercial building in an urban Beaumont location.
The offering is identified with a 9.00% cap rate. The property combines an established branded retail use with an existing commercial building in an urban Beaumont location.
Key Highlights
- Dollar General grocery and convenience store
- 9,014 square feet of building area
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,314
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,280
$2.3M
Cap Rate 7%
$1,661,629
$1.7M
Cap Rate 9%
$1,292,378
$1.3M
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$167.7K $18.60/SF
− Vacancy
−$12.6K −$1.40/SF
EGI
$155.1K $17.21/SF
− OpEx
−$38.8K −$4.30/SF
NOI
$116.3K $12.90/SF
Area
Beaumont, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,280
Cap Rate 7%
$1,661,629
Cap Rate 9%
$1,292,378
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,314 @ 7.0% cap · market cap 9.06%
Second Best
Retail
$1.44M
$1.26M – $1.67M
NOI $100,458 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,012 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,670
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77702, TX
2,682
Population
1,624
Households
1.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
1.2 sq mi
ZIP Area
2,235
Density / Sq Mi
$67,344
Median Household Income
$43,587
Median Earnings
$1,141
Median Rent
$141,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established grocery and convenience store with GC-MD zoning and an existing commercial building.
Where is this grocery and convenience store located?
The property is located at 10 N 11th St Beaumont, TX.
What is the asking price?
The asking price for this property is $1,283,333.
What are key features of this property?
This property features: Dollar General grocery and convenience store; 9,014 square feet of building area; Built in 2010
