Cap Rate: 7.27%
Size: 17,200 SF
Lot Size: 1.51 Acres
Marcus & Millichap is pleased to offer Mike’s Shopping Plaza (“Property”) in Beaumont, Texas for your consideration. The property consists of two buildings totaling 17,200 SF that sit on just over one and a half acres of land. The Property was built by the current owner less than 10 years ago and offers frontage on College Street. All are tenants on gross leases, providing the opportunity for future upside by way of transitioning to a NNN lease structure.
Situated in the heart of Beaumont, Mike’s Shopping Plaza is positioned one mile east of the College Street and I-10 interchange with close proximity to major regional, national and international retailers. This dense retail corridor is the main thoroughfare that connects I-10 to Downtown Beaumont and provides access to a bustling daytime population of over 100,000 within a 3-mile radius.
- 17,200 Square Foot Shopping Center | 1.51 Acres of Land
- Gross Leases | Upside Potential
- Centrally located less than 2 miles from Downtown and 1 mile from I-10
- 5-Mile Daytime Population of 148,000+