412 New Boston TxNew Boston, TX 75570

Property Details for 412 New Boston Tx

Year built

1972

Lot size

0.40 AC

Property size (Sq ft)

2,880 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

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.

Location Insight

City

New Boston

County

Bowie

State

Texas

Latitude

33.4669

Longitude

-94.4086

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