Jefferson Avenue Marketplace-9% cap with below market rent
Retail | 9.00% CAP | 30,662 SqFt I Low price per foot
Marketing description
Marcus & Millichap is pleased to present 4011-4083 Jefferson Avenue, Texarkana, Arkansas. This neighborhood retail strip center was originally constructed in 1984 and extensively renovated in 2012. The property encompasses approximately 30,662 square feet of leasable space and is situated on a 3.08-acre parcel, providing ample parking and convenient access for customers.
The property is currently 100 percent occupied by a diverse tenant mix, primarily operating under triple-net lease structures, with one tenant on a gross lease. Notably, five tenants have established long-term occupancy, providing stability and continuity to the income stream.
Positioned along Jefferson Avenue, the center benefits from it's location on a well-trafficked neighborhood commercial corridor supported by a strong concentration of surrounding amenities and convenient access to major transportation routes. The corridor features a variety of daily-needs retail, medical, and service-oriented businesses that serve the immediate residential population, generating consistent consumer traffic throughout the day. Proximity to key community anchors, including Texarkana Arkansas School District and Arkansas High School, further contributes to the steady flow of activity, driven by students, faculty, and visitors. Nearby amenities such as grocery stores, quick-service restaurants, financial institutions, and healthcare providers reinforce the area's role as a convenient hub for everyday services.
Additionally, Jefferson Avenue offers excellent connectivity to major regional thoroughfares, including Interstate 30 and Interstate 49, which provide direct access to surrounding communities and the broader Ark-La-Tex region. This accessibility enhances the property's appeal to both residents and commuting populations. Overall, the combination of strong neighborhood demographics, proximity to essential services, and strategic highway access positions this location as a stable and service-oriented retail destination within the Texarkana market.
Investment highlights
- 100 Percent Occupied by a Diverse Tenant Mix
- Four Tenants with Established Long-Term Tenancy
- Combination of Triple-Net and Gross Lease Structures
- Positioned Along a Highly Trafficked Neighborhood Corridor
- Surrounded by Strong Daily-Use Amenities Including Grocery, Quick-Service Dining, and Healthcare Services
- Convenient Access to Major Regional Highways, Including Interstate 30 and Interstate 49
- Supported by Strong Underlying Demographics
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