Texarkana, TX Shopping Center - $3.6M - Cash on Cash return @ 14.82% - Stabilized NNN Tenants - 92% Leased

[Joseph Blatner]

Texarkana, TX Shopping Center

(See attachment for marketing flyer)

 

Highlights:

Purchase Price:

$3,600,000

Cap:

10.00%

Starting NOI:

$359,523 Annual

Building Size:

36,504 Square Feet

Lot Size:

2.98 Acres

Improvements Built:

1996

Price PSF:

$98.62

Leased:

92%

• Strong Cash-on-Cash Return at 14.82%

• Stabilized NNN Tenants

• Close Proximity and Easy Access to Interstate 30 Directly Connecting the Fort Worth and Little Rock Markets

• Dense Retail Location Next to a WalMart Supercenter, Walgreens, Albertsons, Bank of the Ozarks, Pizza Hut, Wendys and More

• The City of Texarkana is Located Next to Red River Army Depot Employing 4,300 and Situated on More than 18K Acres

 

[Rob Kirk]

Joe, how close are you to seller on this deal?

[Joseph Blatner]

Hi Rob,

I'm very close to seller on this deal 

Joseph Blatner