Matthews Logo

Navigation Menu

3102 New Boston Rd, Texarkana, TX, 75501

WTSO
$417,647

Photos

Highlights

INVESTMENT HIGHLIGHTS

  • BRAND NEW 5 YEAR LEASE – The tenant has just renewed their lease for another 5 years with an additional 5-year option, with a 6.25% increase in the option period.
  • ATTRACTIVE 8.25% CAP RATE – A competitive cap rate provides investors with a solid return on investment in a high-demand market.
  • STABLE NATIONAL TENANT – Wines ‘Til Sold Out, a well-established national brand, has been operating at this property since 2016, demonstrating commitment to the location.
  • PRIME LOCATION – The subject property is located within a few blocks of the Texarkana College, a top community college in Texas. Major surrounding tenants include Walmart Supercenter, Lowes, Home Depot, Exxon, Family Dollar, Dollar Tree, Academy Sports and Outdoors, Target, Kohl’s and many more.

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225

Key Information

Cap Rate
8.5%
$ per SF
$102
Year Built
1995
Term Remaining
±4.76 YRS
Type
Retail
Occupancy
100%
NOI
$35,500
Leasable Area
4,202