3725 State Line AveTexarkana, TX 75503

For Sale
$489,000

High-Yield NNN Lease, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a two-unit retail portfolio totaling 1,800 square feet, situated on a hard corner of a major thoroughfare in Texarkana, Texas, boasting over 29,000 vehicles per day. The portfolio features a single tenant, The Cash Store, a well-established financial services company with a 20-year history at this location and an additional location at 412 N McCoy in New Boston, Texas. The property benefits from a triple-net (NNN) lease, minimizing landlord responsibilities. The current lease has a remaining term of approximately 2.9 years, expiring June 30, 2027, and includes rent bumps. Lease options are available for a 4-year term with 3-year renewal options. The property sits on a 10,000 square foot lot and offers a compelling 8.50% cap rate with a Net Operating Income (NOI) of $41,608. The asking price for this turnkey investment is $489,000. This is an ideal opportunity for investors seeking a stable, high-yield retail investment with a strong tenant and significant upside potential. The property's prime location and long-standing tenant history make it a truly attractive proposition.

Highlights

  • 1,800 SF two-unit retail portfolio on a hard corner in Texarkana, TX, with over 29,000 VPD.
  • NNN lease with The Cash Store (20-year history at this location).
  • 2.9 years remaining on current lease (expiring 6/30/2027), including rent bumps; 4-year lease option with 3-year renewal options.
  • 10,000 SF lot, 8.50% cap rate, $41,608 NOI, $489,000 asking price.

Property Details for 3725 State Line Ave

Property type
Other retail properties, Individual retail properties
Square Feet
1,800 SF
Stories
1

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.453568452177
Longitude
-94.043167977401
3725 State Line Ave, Texarkana, Texas

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3725 State Line Ave
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