Property profile

850 I-10 Beaumont, TX 77707

OFF-MARKET
Retail properties & Spaces
27,442 SF 0.63 ac lot Built 2004
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Property summary

AI-generated overview

This exceptional Class A property, a former Hooters location, presents a unique investment opportunity in Beaumont, Texas. Boasting 27,442 total square feet on a 0.63-acre lot, the building was constructed in 2004 and offers 6,076 square feet of net rentable space, priced at $100.21 per square foot. The asking price is $2,750,000, making it an attractive owner/user investment under a net lease structure. Strategically situated on I-10 with prominent freeway frontage, this location benefits from high daily traffic counts exceeding 130,000 vehicles. Further enhancing its visibility and accessibility, the property includes a pylon for advertising purposes. The surrounding area boasts strong retail presence, including national brands such as Verizon, Starbucks, Office Depot, Harley Davidson, Taco Bell, Raising Cane's, Walgreens, and Discount Tire. The property's location also benefits from proximity to College Street and Stagg Drive, which see over 40,000 vehicles daily. Beaumont's growing population of over 100,000 residents, coupled with a three-mile radius encompassing 82,000 people, ensures a substantial customer base. Texas's favorable no-income-tax environment adds to the investment appeal. This is a turnkey opportunity for a savvy investor or business owner seeking a high-visibility location in a thriving market.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004
Total area 27,442 SF
Lot 0.63 ac (27,443 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

850 I-10 Beaumont, TX 77707
Beaumont metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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