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34216778
34216779

3 Locations

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
MM
IL 475.214583
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$3,118,000
0 days on market
Updated 0 days ago

Jefferson Avenue Marketplace-9% cap with below market rent

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 30,662
Cap Rate 9.00%
NOI $269,613
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $102
Class B
Year Built 1984
Year Renovated 2012
Acreage 3.080
Zoning Commercial
Parking Spaces 174 spaces
Parking per 1,000 SqFt 5.67
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

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

Listing Contacts

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
MM
IL 475.214583
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$269,613.00
$22,467.75/mo

Valuation Metrics

0
DSCR
8.65%
Cap Rate
8.65%
ROI

Map

Zoning

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C-1 CommercialGeneral CommercialGeneral Commercial
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Last updated May 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Steve Greer
License
PB00098133
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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