Current Use by Public Records
- Retail properties & Spaces
Property Details for 5996 Us-59
- Year built
- 2018
- Lot size
- 1.31 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity features a single-tenant, 8,320 square foot Family Dollar store situated on 1.31 acres in Texarkana, Texas. Built in 2018, the property boasts a strong Net Lease (NN) structure with minimal landlord responsibilities, providing a passive income stream. The current lease, with a corporate guarantee, has a remaining term of 3.4 years and includes six (5) year renewal options with 5% rent bumps in each. The property enjoys a 7.35% cap rate and a substantial net operating income (NOI) of $90,008. Located on US-59, with convenient access to Interstate 369, this high-traffic location benefits from a strong demographic profile, including a population exceeding 89,000 within a 10-mile radius and an average annual household income exceeding $72,000 within a 3-mile radius. The property includes 8 parking spaces and is zoned for commercial use. This is a turnkey investment ideal for those seeking a stable, high-return retail asset in a thriving Texas market. The asking price is $1,224,599. The lease commenced August 28, 2017, and expires March 31, 2028. The property is 100% occupied.
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Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.121
- Latitude
- 33.374
