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3820 State Highway 31 W Corsicana, TX 75110

For Sale
$2,856,000

New construction retail building with a long-term tenant.

Property size:
3,500 SF
Lot size:
1.66 Acres

Property Features for 3820 State Highway 31 W

General Information

Size
3,500 SF
Lot size
1.66 Acres

Source: Real Capital Investments Agent Randy Bell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Retail Building For Sale

This new construction retail property features Aspen Dental's latest prototype design. The 3,500 square feet building is situated on a 0.70 acre parcel with 28 parking spaces. The property benefits from a high-traffic location with excellent access and visibility to State Hwy 31 West, with more than 14,700 vehicles per day, and over 8,900 vehicles per day on N. 45th St (FM-2555). It is located in the strongest retail corridor of Corsicana, strategically positioned directly across from a Walmart Supercenter. The property is surrounded by many national retailers including a brand-new Academy Sports & Outdoors, Walmart, McDonald’s, Jersey Mike’s, and Chase Bank. The location benefits from over 5.9 million square feet of industrial and office space and 2.7 million square feet of restaurant and retail within a 5-mile radius, resulting in a high daytime population of more than 1,200 businesses and 12,000 employees. The property is approximately 1.1 miles from Navarro Community College with more than 9,000 students enrolled and over 400 faculty & staff members. Over 28,000 people reside within a 5-mile radius of the property with an average household income exceeding $80,000 annually. There are also 10 grade schools within a 5 mile radius with more than 6,400 students and faculty.
Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

GNC, Walmart Pharmacy

Location Insight

  • Map
  • Local Demand
City
Corsicana
County
Navarro
State
Texas
Longitude
-96.507351
Latitude
32.068724

FAQs

What type of property is this?
Drug store - New construction retail building with a long-term tenant.
Where is this drug store located?
The property is located at 3820 State Highway 31 W Corsicana, TX.
What is the asking price?
The asking price for this property is $2,856,000.
What are key features of this property?
This property features: - Brand new 10 year nn lease with three (5-year) options to renew, offering stable cash flow.; - 10% rental increases every 5 years throughout the initial term and option periods.; - New construction featuring Aspen Dental’s latest prototype design.
More about this property
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