3102 New Boston RdTexarkana, TX 75501

For Sale
$417,647

8.5% Cap Rate, 4,202 SF Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
94
This fee-simple industrial property in Texarkana, Texas, offers a compelling investment opportunity. The 4,202-square-foot distribution/flex/warehouse building, constructed in 1995 and renovated the same year, sits on a 0.8-acre lot at 3102 New Boston Rd, 75501. Currently 100% occupied by a national tenant under a new 5-year gross lease (commencing December 1, 2017, expiring May 31, 2029), this stabilized investment boasts a strong 8.50% cap rate and a substantial $35,500 annual net operating income (NOI). The asking price is $417,647, translating to $99.39 per square foot. The property features 10 loading docks and benefits from a prime location near major retailers including Walmart, Lowe's, Home Depot, and more, as well as Texarkana College. The lease includes a 5-year option with a 6.25% rent increase. This single-tenant property presents a low-risk, high-reward investment prospect with a proven track record of occupancy since December 1, 2017. The property's APN is 42018.

Highlights

  • Five-year lease renewal with a five-year option at a 6.25% increase.
  • 8.25% cap rate in a high-demand market.
  • Stable national tenant, Wines ‘Til Sold Out, occupying the property since 2016.
  • Excellent location near Texarkana College and major retailers including Walmart, Lowe's, Home Depot, and Target.

Property Details for 3102 New Boston Rd

Property type
Other warehouses, Other industrial properties
Square Feet
4,202 SF
Year Built/Renovated
1995/1995
Buildings
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.4381294
Longitude
-94.0838591
3102 New Boston Rd, Texarkana, Texas

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3102 New Boston Rd
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