For Sale
$2,383,333

5211 Park Blvd Texarkana, TX 75503

High-yield, new construction Starbucks.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks with a drive-thru, located at 5211 W Park Blvd, Texarkana, TX 75503. The 2,225 square-foot property sits on a 0.93-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $143,000. The property benefits from a corporate-guaranteed, net lease with a remaining term of 9.4 years, expiring April 30, 2034, and includes attractive 10% rent bumps every five years. This Class A retail space is strategically positioned along a major retail corridor with excellent highway visibility and accessibility, directly off Interstate-30 (82,000+ vehicles per day) and with easy access to Interstate-369 (41,000+ vehicles per day). The location benefits from proximity to a future medical center, Wadley Regional Medical Center (370 beds, 21-bed ER), CHRISTUS St. Michael Hospital (312-bed acute care hospital, plus rehabilitation and outpatient facilities), and Central Mall (678,000+ square feet, anchored by Dillard's and JCPenney). The area also features numerous national retailers including Walmart, Lowe's, Academy Sports, Target, Home Depot, Kohl's, Best Buy, TJ Maxx, Hobby Lobby, Ross, and Sam's Club. High foot traffic is supported by Placer.AI data showing significant annual visitor counts at nearby Walmart, Lowe's, and Academy Sports. Furthermore, the property's proximity to Texarkana College and Texas High School provides a substantial customer base. The asking price is $2,383,333, representing a price per square foot of $1,071.16. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and excellent long-term growth potential.

Highlights

  • Brand new (2024) Starbucks with drive-thru, 2,225 square feet on a 0.93-acre lot, featuring 10% rent increases every five years.
  • Excellent highway visibility and accessibility, directly off I-30 (82,000+ VPD) and I-369 (41,000+ VPD).
  • Investment-grade tenant (Starbucks, BBB+ credit rating) with a corporate-guaranteed net lease.
  • Proximity to Wadley Regional Medical Center (370 beds, 21-bed ER) and CHRISTUS St. Michael Hospital (312-bed acute care hospital).
  • Located near numerous national retailers including Walmart, Lowe's, Academy Sports, Target, and more.
  • Short drive from Central Mall (678,000+ square feet), anchored by Dillard's and JCPenney.

Property Details for 5211 Park Blvd

Property type
Retail properties, Restaurants
Square Feet
2,225 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.4527507
Longitude
-94.1076969
5211 Park Blvd, Texarkana, Texas

FAQs

What type of property is this?
Retail property - High-yield, new construction Starbucks.
Where is the retail property located?
The property is located at 5211 Park Blvd Texarkana, TX.
What is the asking price?
The asking price for this property is $2,383,333.
What are key features of this property?
This property features: Brand new (2024) Starbucks with drive-thru, 2,225 square feet on a 0.93-acre lot, featuring 10% rent increases every five years.; Excellent highway visibility and accessibility, directly off I-30 (82,000+ VPD) and I-369 (41,000+ VPD).; Investment-grade tenant (Starbucks, BBB+ credit rating) with a corporate-guaranteed net lease.
How can I contact the broker?
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5211 Park Blvd
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