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Texas Car Title and Payday 1615 New Boston Rd

1,800 SF Retail Building Texarkana, TX 75501 $495,000 ($275/SF) 8.24% Cap Rate

Investment Highlights

  • 8 cap in place
  • Prominent location ensures a consistent stream of potential customers
  • Tenant in place for 20 years

Executive Summary

The commercial space is leased by Texas Car Title and Payday Loan Services, a reputable and established tenant that has been at this location since 2007. Benefit from a secure and steady rental income from the outset, as they have nearly 3.5 years left on their lease with an additional extension available.
Impressive commercial business positioned with prime road frontage, offering remarkable visibility and a substantial influx of traffic. This site serves as an optimal setting for Texas Car Title.
Strategically placed in the heart of the Texarkana, the building's prominent location ensures a consistent stream of potential customers, providing unparalleled exposure in a thriving area.
Appraisal available. Valued at $580k on Dec 2023 Appraisal.
Seller will owner finance!

Attachments

Texas Car Title

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Year Built/Renovated
1973/2022
Price
$495,000
Price Per SF
$275
Cap Rate
8.24%
NOI
$40,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.45 AC
Zoning
COM - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07820000100
Land Assessment
$51,480
Improvements Assessment
$193,743
Total Assessment
$245,223
  • Listing ID: 32243409

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 1615 New Boston Rd, Texarkana, TX 75501

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