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Central Mall 2400 Richmond Rd 461,352 SF 70% Leased Retail Building Texarkana, TX 75503 $17,000,000 ($36.85/SF) 10.76% Cap Rate
INVESTMENT HIGHLIGHTS
- 45 Acre Retail Asset with Upside | $1,831,000 NOI as of now, 2026 NOI $2,080,000
- strong regional trade area at the TX-AR border with limited competition in a 50+ mile radius.
- 70% Occupied | 461,000 SF GLA | 3,424 Parking Spaces
EXECUTIVE SUMMARY
NOI $1,831,000 in place, value add in vacancy and land
Texas Mall – 45 Acre Retail Asset with Upside | $1.8M+ NOI | $17M Ask
70% Occupied | 461,000 SF GLA | 3,424 Parking Spaces
Key Highlights:
Gross Leasable Area: 461,000 SF
Parking: 3,424 spaces
Land: Approx. 45 Acres
Occupancy: ~70%
Current NOI: $1.8M/year current
Projected NOI (MAR 2026): $2,080,000M/year
Texas Broker of Record Solutions, Inc. Firm License: #9014506 Alex Everest Broker License: #818858
Texas Mall – 45 Acre Retail Asset with Upside | $1.8M+ NOI | $17M Ask
70% Occupied | 461,000 SF GLA | 3,424 Parking Spaces
Key Highlights:
Gross Leasable Area: 461,000 SF
Parking: 3,424 spaces
Land: Approx. 45 Acres
Occupancy: ~70%
Current NOI: $1.8M/year current
Projected NOI (MAR 2026): $2,080,000M/year
Texas Broker of Record Solutions, Inc. Firm License: #9014506 Alex Everest Broker License: #818858
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
461,352 SF
Building Class
B
Year Built/Renovated
1978/2002
Price
$17,000,000
Price Per SF
$36.85
Cap Rate
10.76%
NOI
$1,830,000
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
45.05 AC
Zoning
Commercial
Parking
3,424 Spaces (4.6 Spaces per 1,000 SF Leased)
AMENITIES
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
-
Jan 0000
JCPenney is a legacy American department store chain founded on April 14, 1902, by James Cash Penney in Kemmerer, Wyoming. Originally named The Golden Rule, the company grew rapidly and was incorporated in 1913. Today, JCPenney operates hundreds of stores across the United States and Puerto Rico, offering a wide range of merchandise including apparel, home furnishings, jewelry, and beauty products. JCPenney continues to serve middle-income families through both its physical stores and online platform.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11100000900 | Improvements Assessment | $5,238,487 (2025) |
| Land Assessment | $6,641,513 (2025) | Total Assessment | $11,880,000 (2025) |
PROPERTY TAXES
Parcel Number
11100000900
Land Assessment
$6,641,513 (2025)
Improvements Assessment
$5,238,487 (2025)
Total Assessment
$11,880,000 (2025)
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Central Mall | 2400 Richmond Rd
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