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Texas Car Title and Payday 1615 New Boston Rd 1,800 SF Retail Building Texarkana, TX 75501 $470,000 ($261.11/SF) 8.68% 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 2 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!
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!
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1973/2022
Price
$470,000
Price Per SF
$261.11
Cap Rate
8.68%
NOI
$40,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.45 AC
Zoning
COM - Commercial
Frontage
220’ on New Boston Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07820000100 | Improvements Assessment | $418,770 |
| Land Assessment | $51,480 | Total Assessment | $470,250 |
PROPERTY TAXES
Parcel Number
07820000100
Land Assessment
$51,480
Improvements Assessment
$418,770
Total Assessment
$470,250
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Texas Car Title and Payday | 1615 New Boston Rd
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