Log In/Sign Up
Your email has been sent.
Central Mall 2400 Richmond Rd 350,000 SF 80% Leased Retail Building Texarkana, TX 75503 $13,000,000 ($37.14/SF) 16% Cap Rate
Investment Highlights
- ~35 Acre Retail Asset with Upside | $2,080,000 NOI as of now
- strong regional trade area at the TX-AR border with limited competition in a 50+ mile radius.
- 80% Occupied | ~350,000 SF GLA | 3,424 Parking Spaces
Executive Summary
NOI $2,080,000 in place, value add in vacancy and land
Texas Mall – 35 Acre Retail Asset with Upside | $2,08M NOI
80% Occupied | 350,000 SF GLA | 3,424 Parking Spaces
Key Highlights:
Gross Leasable Area: approx 350,000 SF
Parking: 3,424 spaces
Land: Approx. 35 Acres
Occupancy: ~80%
Current NOI: $2,08M/year current
Former Sears excluded from sale.
Texas Broker of Record Solutions, Inc. Firm License: #9014506 Alex Everest Broker License: #818858
Texas Mall – 35 Acre Retail Asset with Upside | $2,08M NOI
80% Occupied | 350,000 SF GLA | 3,424 Parking Spaces
Key Highlights:
Gross Leasable Area: approx 350,000 SF
Parking: 3,424 spaces
Land: Approx. 35 Acres
Occupancy: ~80%
Current NOI: $2,08M/year current
Former Sears excluded from sale.
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
350,000 SF
Building Class
B
Year Built/Renovated
1978/2002
Price
$13,000,000
Price Per SF
$37.14
Cap Rate
16%
NOI
$2,080,000
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
35.05 AC
Zoning
Commercial
Parking
3,424 Spaces (9.78 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)
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Central Mall | 2400 Richmond Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.