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    Park Blvd Texarkana, TX 07550

    Sponsored
    For Lease
    $20 SF/Yr ($18,500 /Mo)

    Prime Texarkana location, 11,100 sq ft.

    Lot size:
    11,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional restaurant opportunity is located in the thriving West Park Plaza Shopping Center in Texarkana, Texas. The property boasts a substantial 11,100 square feet of space, perfect for a large-scale restaurant operation or a unique culinary concept. Its strategic location offers excellent visibility from Interstate 30, just east of the University Avenue Interchange, ensuring high traffic and exposure to a large customer base. The property benefits from its proximity to significant retail developments, including over one million square feet of retail space at Richmond Ranch and Texarkana Pavilion to the east, and a Walmart Supercenter to the south, creating a synergistic retail environment and drawing significant foot traffic. The lease terms are attractive, with a net lease rate of $20.00 per square foot per year (NNN). A tenant allowance of $10.00 per square foot is also available to assist with build-out and improvements. This is a rare opportunity to establish a prominent restaurant presence in a high-traffic, well-established retail center in Bowie County, Texas. The property's size and location make it ideal for a variety of restaurant concepts, offering significant potential for success. Contact us today to learn more about this exceptional opportunity.

    Property Features for 0 Park Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,100 SF
    Total Rate
    18500

    Unit(s) available at that property

    Space
    West Park Plaza Shopping Center
    Size
    11,100 SF
    Rate per SF
    $20

    HighLights

    • High visibility from Interstate 30, ideally situated near the University Avenue interchange.
    • Approximately 11,100 square feet of available space.
    • Adjacent to over 1 million square feet of retail at Richmond Ranch and Texarkana Pavilion, and a Walmart Supercenter.
    • $18.00 per square foot, triple net lease.
    • $10.00 per square foot tenant improvement allowance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Texarkana
    County
    Bowie
    State
    Texas
    Longitude
    -94.104002
    Latitude
    33.453899

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    FAQs

    What type of property is this?
    Restaurant - Prime Texarkana location, 11,100 sq ft.
    Where is this restaurant located?
    The property is located at Park Blvd Texarkana, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High visibility from Interstate 30, ideally situated near the University Avenue interchange.; Approximately 11,100 square feet of available space.; Adjacent to over 1 million square feet of retail at Richmond Ranch and Texarkana Pavilion, and a Walmart Supercenter.
    Request Owner's contact information
    Park Blvd Texarkana, TX 07550
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    Texarkana, TX 07550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Park Blvd Texarkana, TX 07550
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