5503 State Line AveTexarkana, TX 75503

Property Details for 5503 State Line Ave

Year built

2007

Lot size

8.75 AC

Property size (Sq ft)

11,625 SF

Property type

Commercial real estate

APN

16775

APU

16775

Description

This exceptional 11,786 sq ft medical office building in Texarkana, TX, presents a compelling investment opportunity. Currently 100% occupied under a Net Lease with a single tenant, Starling Clinic, the property boasts a strong 7.30% cap rate and a substantial NOI of $257,288. The lease, commencing April 1, 2017, and expiring September 30, 2029, features a remaining term of 4.9 years with built-in rent bumps of 2% annually and 10% at each option period. The single-story building, constructed in 2007, sits on a 2.5-acre lot and includes 63 parking spaces. The property's amenities include 36 exam rooms, 9 bathrooms, 3 nurses' stations, 2 break rooms, and 2 labs. A significant advantage is the on-site generator capable of powering the entire building. Located conveniently 3/10 of a mile north of Interstate 30, this property offers both immediate returns and long-term growth potential in a desirable Texas location, benefiting from the state's income tax-free status. The building is priced at $3,524,494 and represents a below-replacement-cost investment opportunity. The absolute NNN lease structure minimizes landlord responsibilities, further enhancing the investment's appeal. This is an ideal addition to any diversified real estate portfolio seeking stable, high-yield returns.

• Alternative Use

  Use

  Valuation

  Residential

  $2,930,369

  Hospitality

  $2,684,202

  Educational

  $2,233,224

  Medical

  $2,310,028

  Retail

  $3,473,905

Location Insight

City

Texarkana

County

Bowie

State

Texas

Latitude

33.4767

Longitude

-94.0441

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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