5101 N State Line Ave | Texarkana, TX 75503
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- LoopNet Team
5101 N State Line Ave
Texarkana, TX 75503
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on busy N State Line Ave, making for heavy foot traffic.
- Attractive Yield and NOI – The property boasts a cap rate of 8.75%, generating a Net Operating Income (NOI) of $205,202.
- With a strong corporate guarantee, investors can feel secure about the tenant’s commitment and financial stability.
- Close to residential developments.
- Strong National Tenant – Hooters, a globally recognized brand, is the tenant, ensuring a stable and reliable income stream.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,313 SF
Building Class
C
Year Built/Renovated
1979/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.32 AC
Zoning
C
Parking
120 Spaces (16.52 Spaces per 1,000 SF Leased)
Frontage
129’ on West 52nd Street
PROPERTY TAXES
| Parcel Number | 17500004900 | Improvements Assessment | $740,007 |
| Land Assessment | $342,726 | Total Assessment | $1,082,733 |
PROPERTY TAXES
Parcel Number
17500004900
Land Assessment
$342,726
Improvements Assessment
$740,007
Total Assessment
$1,082,733
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