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24957447
24957448

1615 New Boston Rd, Texarkana, TX 75501

AK
TX 688162
Expansion Realty Partners
Expansion Realty Partners
Listed by Expansion Realty Partners
$470,000
318 days on market
Updated 116 days ago

Texas Title and Payday NNN

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,800
Net Rentable (SqFt) 1,800
Cap Rate 8.68%
NOI $40,800
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 07/01/2027
Remaining Term 1.1
Lease Options 1
Pro-Forma Cap Rate 9.45%
Pro-Forma NOI $44,400
Class B
Year Built 1973
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.450
Zoning COMMERCIAL
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/01/2012
Occupancy Date 07/01/2012

Retail | 8.68% CAP | 1,800 SqFt

Marketing description

The commercial space is leased by Texas Car Title and Payday Loan Services, a reputable and established tenant that has been at this location since 2007. Benefit from a secure and steady rental income from the outset, as they have 2 years left on their lease with an additional extension available.

Impressive commercial business positioned with prime road frontage, offering remarkable visibility and a substantial influx of traffic. This site serves as an optimal setting for Texas Car Title.

Strategically placed in the heart of the Texarkana, the building's prominent location ensures a consistent stream of potential customers, providing unparalleled exposure in a thriving area.

Appraisal available. Valued at $580k on Dec 2023 Appraisal.

Seller will owner finance!

Listing Contacts

AK
TX 688162
Expansion Realty Partners
Expansion Realty Partners
Listed by Expansion Realty Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$40,800.00
$3,400.00/mo

Valuation Metrics

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DSCR
8.68%
Cap Rate
8.68%
ROI

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