Current Use by Public Records
- Specialty properties
Property Details for 412 New Boston Tx
- Year built
- 1972
- Lot size
- 0.40 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 2,880 square foot storefront located at 412 N. McCoy Blvd (Hwy 8), New Boston, Texas, 75570. The property boasts a strong 8.5% cap rate, generating a net operating income (NOI) of $23,208 annually. Currently leased to The Cash Store, a well-established financial services company operating at this location for over a decade, the lease is a triple net (NNN) agreement, minimizing landlord responsibilities. The lease has a remaining term of approximately 2.9 years, expiring June 30, 2027, with rent bumps included and lease options for a further 7 years (4 + 3). The building, constructed in 1972 and renovated in 2012, sits on a 0.4-acre lot on a major thoroughfare experiencing over 9,000 vehicles per day. This single-tenant property is part of a two-unit portfolio, offering a compelling investment opportunity in the Texarkana MSA. The asking price is $275,000. This property offers a stable income stream with significant upside potential. The location's high visibility and traffic volume ensure continued tenant success. This is a turnkey investment ideal for passive income seekers.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Boston
- County
- Bowie
- State
- Texas
- Longitude
- -94.4086
- Latitude
- 33.4669
