NNN Shopping
4206 Gibson Ln, Texarkana, TX 75503
For Sale
$2,335,000
Established retail center with multiple named tenants, contractual rent increases, and an on-site ATM ground lease.
Property Size8,750 SF
Days on Market51
Property Features for 4206 Gibson Ln
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Michael Berk · License TX #385824
(770) 402-3432
Source:
Srsre
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 8 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
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Investment Insights
Based on property information with market context.
Built in 2016, this General Commercial shopping center is leased to Lost Pizza Co., Texline Card House & Social Club, and Apricot Lane Boutique. A separate ground lease to TEXAR Federal Credit Union supports an on-site ATM, adding another commercial component to the property.
The retail leases are structured on an NNN basis, with tenants responsible for their respective shares of property operating expenses. Lost Pizza Co. occupies approximately 57% of the rentable area and retains two 5-year renewal options, each accompanied by a 10% rental increase. Apricot Lane Boutique has 2% annual rental increases and three 5-year renewal options, providing additional contractual lease-growth provisions within the tenant roster.
The retail leases are structured on an NNN basis, with tenants responsible for their respective shares of property operating expenses. Lost Pizza Co. occupies approximately 57% of the rentable area and retains two 5-year renewal options, each accompanied by a 10% rental increase. Apricot Lane Boutique has 2% annual rental increases and three 5-year renewal options, providing additional contractual lease-growth provisions within the tenant roster.
Key Highlights
- Three named retail tenants: Lost Pizza Co., Texline Card House & Social Club, and Apricot Lane Boutique
- NNN lease structure assigns tenants their respective shares of property operating expenses
- Lost Pizza Co. occupies approximately 57% of the rentable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,610
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,112,200
$3.1M
Cap Rate 7%
$2,223,000
$2.2M
Cap Rate 9%
$1,729,000
$1.7M
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$218.4K $24.96/SF
− Vacancy
−$10.9K −$1.25/SF
EGI
$207.5K $23.71/SF
− OpEx
−$51.9K −$5.93/SF
NOI
$155.6K $17.78/SF
Area
Bowie County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,112,200
Cap Rate 7%
$2,223,000
Cap Rate 9%
$1,729,000
Alternative Uses
Best Use
Specialty Retail
$2.22M
$1.95M – $2.59M
NOI $155,610 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$2.07M
$1.82M – $2.42M
NOI $145,236 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 75503, TX
25,547
Population
11,464
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
78.5 sq mi
ZIP Area
325
Density / Sq Mi
$67,733
Median Household Income
$43,508
Median Earnings
$1,185
Median Rent
$214,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Texarkana Pavilion — 2509 Richmond Rd, Texarkana, TX 75503
- Proactiv Automated Kiosk — 2400 Richmond Rd, Texarkana, TX 75503
- Central Mall — 2400 Richmond Rd, Texarkana, TX 75503
- Richmond Ranch Shopping Center — 220 Richmond Rd, Texarkana, TX 75503
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with multiple named tenants, contractual rent increases, and an on-site ATM ground lease.
Where is this shopping center located?
The property is located at 4206 Gibson Ln Texarkana, TX.
What is the asking price?
The asking price for this property is $2,335,000.
What are key features of this property?
This property features: Three named retail tenants: Lost Pizza Co., Texline Card House & Social Club, and Apricot Lane Boutique; NNN lease structure assigns tenants their respective shares of property operating expenses; Lost Pizza Co. occupies approximately 57% of the rentable area
