3505 Mall DrTexarkana, TX 75503

For Sale
$1,050,000

Profitable QSR, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 2,620-square-foot Taco Bueno restaurant located at 3505 Mall Dr, Texarkana, TX 75503. Built in 2008, this fully occupied (100%) single-tenant property sits on a 1.04-acre lot and offers a compelling value-add proposition. Priced at $1,050,000 ($400.76/sq ft), it's an outparcel to the 678,480-square-foot Central Mall, benefiting from numerous national anchors and high visibility on a major retail corridor with over 82,445 vehicles per day near the I-30 and I-369 junction. The property enjoys strong demographics, with a 5-mile radius boasting a population of 75,872 and an average household income of $64,432. Rents have shown a cumulative 13% increase over the past three years in a stable area with a low vacancy rate of 4.5%. Furthermore, the area's economic strength is evident in a 2.5% job growth and 0.3% population growth in the past year. The strategic location between Christus St. Michael Hospital and Wadley Regional Medical Center (combined patient revenue of $2,645,687,643), along with the presence of multiple educational institutions, further enhances the property's long-term potential. Texarkana's position at a major interstate junction provides convenient access to key markets across the Midwest and Gulf Coast.

Highlights

  • Exceptional value-add opportunity with a low price per square foot of $400.76.
  • Outparcel to the 678,480 SF Central Mall, anchored by numerous national tenants.
  • Rents have increased 13% cumulatively over the past three years.
  • Stable tenancy with a low 4.5% vacancy rate.
  • Strong demographics: 75,872 population and $64,432 average household income within a 5-mile radius.
  • High visibility on a major retail corridor with over 82,445 vehicles per day (VPD), near the I-30 and I-369 interchange.

Property Details for 3505 Mall Dr

Property type
Other retail properties, Individual retail properties
Square Feet
2,620 SF
Year Built
2008
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.456196447767
Longitude
-94.084405196842
3505 Mall Dr, Texarkana, Texas

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3505 Mall Dr
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