For Sale
$1,224,599

5996 Us-59 Texarkana, TX 75501

High-Yield Texas Convenience Store

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity features a single-tenant, 8,320 square foot Family Dollar store situated on 1.31 acres in Texarkana, Texas. Built in 2018, the property boasts a strong Net Lease (NN) structure with minimal landlord responsibilities, providing a passive income stream. The current lease, with a corporate guarantee, has a remaining term of 3.4 years and includes six (5) year renewal options with 5% rent bumps in each. The property enjoys a 7.35% cap rate and a substantial net operating income (NOI) of $90,008. Located on US-59, with convenient access to Interstate 369, this high-traffic location benefits from a strong demographic profile, including a population exceeding 89,000 within a 10-mile radius and an average annual household income exceeding $72,000 within a 3-mile radius. The property includes 8 parking spaces and is zoned for commercial use. This is a turnkey investment ideal for those seeking a stable, high-return retail asset in a thriving Texas market. The asking price is $1,224,599. The lease commenced August 28, 2017, and expires March 31, 2028. The property is 100% occupied.

Highlights

  • Net lease with minimal landlord responsibilities.
  • 2018 construction.
  • Located in a Texas, a no-income-tax state.
  • Densely populated area with over 89,000 residents within 10 miles.
  • High average household income exceeding $72,000 within a 3-mile radius.

Property Details for 5996 Us-59

Property type
Retail properties, Grocery and convenience stores
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
57,064 SF
Units
1

Location Insight

City
Texarkana
County
Bowie
State
Texas
Latitude
33.3740036
Longitude
-94.1209912

FAQs

What type of property is this?
Retail property - High-Yield Texas Convenience Store
Where is the retail property located?
The property is located at 5996 Us-59 Texarkana, TX.
What is the asking price?
The asking price for this property is $1,224,599.
What are key features of this property?
This property features: Net lease with minimal landlord responsibilities.; 2018 construction.; Located in a Texas, a no-income-tax state.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5996 Us-59
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