1640 Lindbergh Dr, Beaumont, TX 77707

Nugent Audilet Boat & RV Storage is a 67 unit, 16,400 NRSF Boat & RV Storage investment opportunity at 1640 Lindbergh Dr., Beaumont, Texas. This roughly 1 acre site is located at the intersection of Lindbergh Dr. and Washington Blvd. which sees as many as 13,800 vehicles per day. Additionally, the facility is located less than 1 mile from both IH-10 and SH-90 which see 118,000 and 30,000 VPD respectively (Per TxDOT).

Originally constructed in 1977, Nugent Audilet Boat & RV Storage is a first generation boat storage facility that is poised to benefit from active management and common-sense improvements to the property. The 2 metal-over-steel buildings are fully enclosed and feature a mix of vertical swing-doors and roll-up garage doors divided by a wide, grass driveway. The facility fully fenced and gated and very well-lit. There is also a fully renovated, 2 bed. 1 bath house on the property that can be rented immediately.

This opportunity offers a new owner immediate upside potential by improving occupancy through the implementation of a modern web-presence, dedicated self-storage management software, and improved signage. Additionally, there is upside to be realized by raising rental rates which are 40% below average compared to other facilities in the 5-mile radius (Per Radius+). Finally, the fully renovated 2 bed, 1 bath house on the property can be rented to provide a significant stream of additional income. According to Zillow, the average rental home in the Beaumont MSA in currently rents for $1,099.