2041 Mall Dr | Texarkana, TX 75503
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2041 Mall Dr
Texarkana, TX 75503
Retail Property For Sale
Investment Highlights
- Relocation store from 1.5 miles southwest, demonstrating tenant's long-term commitment to the site
- Subject site has larger building footprint, larger parcel, and more parking stalls than current store
- Very rare 20-year ground lease with 10% rental increases every five years
- Current store is ranked #2 in Texas and #6 nationwide for all Texas Roadhouse stores (out of 620+ locations)
- Purchase price well-below the overall capital investment of the tenant (average total capital investment for a new store in 2022 was $6.9M
- Zero Landlord responsibilities, ideal for a passive or out of area investors
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,945 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
9.64 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,389,835 | |
| Land Assessment | $1,688,184 | Total Assessment | $4,078,019 |
Property Taxes
Parcel Numbers
Land Assessment
$1,688,184
Improvements Assessment
$2,389,835
Total Assessment
$4,078,019
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