For Sale
$275,000

412 New Boston Tx New Boston, TX 75570

Texas Retail Investment: 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 2,880 square foot storefront located at 412 N. McCoy Blvd (Hwy 8), New Boston, Texas, 75570. The property boasts a strong 8.5% cap rate, generating a net operating income (NOI) of $23,208 annually. Currently leased to The Cash Store, a well-established financial services company operating at this location for over a decade, the lease is a triple net (NNN) agreement, minimizing landlord responsibilities. The lease has a remaining term of approximately 2.9 years, expiring June 30, 2027, with rent bumps included and lease options for a further 7 years (4 + 3). The building, constructed in 1972 and renovated in 2012, sits on a 0.4-acre lot on a major thoroughfare experiencing over 9,000 vehicles per day. This single-tenant property is part of a two-unit portfolio, offering a compelling investment opportunity in the Texarkana MSA. The asking price is $275,000. This property offers a stable income stream with significant upside potential. The location's high visibility and traffic volume ensure continued tenant success. This is a turnkey investment ideal for passive income seekers.

Highlights

  • $275,000 asking price for a 2,880 SF retail storefront in New Boston, TX.
  • 8.50% cap rate with a $23,208 net operating income (NOI).
  • Net lease (NNN) with a single tenant, The Cash Store, a 30-year-old financial services company.
  • 2.9 years remaining on the lease, expiring June 30, 2027, with rent bumps and four 3-year lease options.
  • Located on a major thoroughfare with high traffic volume in the Texarkana MSA.
  • Built in 1972, renovated in 2012, situated on a 0.4-acre lot.

Property Details for 412 New Boston Tx

Property type
Specialty properties, Retail properties
Square Feet
2,880 SF
Year Built/Renovated
1972/2012
Lot Size (sq. ft)
17,424 SF

Location Insight

City
New Boston
County
Bowie
State
Texas
Latitude
33.466861018264
Longitude
-94.408568718643

FAQs

What type of property is this?
Specialty property - Texas Retail Investment: 8.5% Cap Rate
Where is the specialty property located?
The property is located at 412 New Boston Tx New Boston, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: $275,000 asking price for a 2,880 SF retail storefront in New Boston, TX.; 8.50% cap rate with a $23,208 net operating income (NOI).; Net lease (NNN) with a single tenant, The Cash Store, a 30-year-old financial services company.
How can I contact the broker?
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412 New Boston Tx
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