3610 Stagg DrBeaumont, TX 77701

Property Details for 3610 Stagg Dr

Year built

1968

Lot size

0.92 AC

Property size (Sq ft)

3,744 SF

Property type

Auto shops

APN

300005-000-014830-00000

APU

9223372036854775807

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,512,949

  6.5%

  $1,396,568

  7%

  $1,296,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,782,057

  Geo Method

  $2,824,709

• Alternative Use

  Use

  Valuation

  Residential

  $1,178,057

  Hospitality

  $1,079,094

  Educational

  $897,794

  Medical

  $928,670

  Retail

  $1,396,568

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0704

Longitude

-94.1299

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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