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U.S. Department of Veterans Affairs

3420 Plaza Cir, Beaumont, TX 77707
Available Now
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FOR SALEOffice / Executive
Cap Rate
11.68%
NOI
$377,428
Building Size
33,200SF
Occupancy
100%
Tenancy
Single Tenant
Currently Leased
No
Listing Contacts
Vice President
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More property details

Ground Lease
No
Net Rentable
33,200SF

Location

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U.S. Department of Veterans Affairs
About the location

Colliers International is pleased to exclusively offer for sale the U.S. Department of Veterans Affairs – Community Based Outpatient Clinic (VA-CBOC) located in Beaumont, Texas. This 33,200-square-foot medical facility presents investors with a rare opportunity to acquire a high-quality healthcare asset, priced well below replacement cost, and supported by strong in-place cash flow.
In 2023, the VA announced its intention to develop a new outpatient facility to better serve the approximately 25,000 veterans residing in the Beaumont House District. However, no lease has been awarded for that project to date, making this an attractive covered land play with near- and mid-term income potential. Given the VA’s lengthy procurement, design, and construction process—typically taking 3 to 4 years—this property remains a valuable asset in the interim. While the VA has not yet determined whether it will continue leasing the current space, the area's large veteran population suggests the potential for dual-site use, possibly with a specialty or mental health designation.
Beaumont, located in Southeast Texas along the Neches River and roughly 85 miles east of downtown Houston, is the county seat of Jefferson County and part of the Beaumont–Port Arthur metropolitan area. With a 2020 population of 115,282, it is the largest incorporated city near the Louisiana border. The metro area ranked as the 10th largest in Texas and 130th nationwide as of 2020. Beaumont is also home to Lamar University, a nationally recognized Carnegie-designated doctoral research institution serving over 14,000 undergraduate and graduate students.

Location highlights
  • Offered at a Price Below Replacement Cost
  • Strategic Covered Land Opportunity with Redevelopment Potential
  • High-Quality, Class A Medical Facility
  • Located in an Income Tax-Free State
  • Reliable, Strong In-Place Cash Flow
  • Well-Located in an Area with Abundant Amenities

Documents

FILE
VA CBOC - Beaumont, TX brochure.pdf
3.91 MB · Offering brochure
U.S. Department of Veterans Affairs
33,200 SF · office · United States · TX
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