3505 Mall Dr Texarkana, TX 75503-2435

Property Details for 3505 Mall Dr

Year built

2008

Lot size

1.04 lot acres

Property size

2,620 SF

Property type

Commercial real estate

APN

25394

APU

25394

Description

This exceptional investment opportunity presents a 2,620-square-foot Taco Bueno restaurant located at 3505 Mall Dr, Texarkana, TX 75503. Built in 2008, this fully occupied (100%) single-tenant property sits on a 1.04-acre lot and offers a compelling value-add proposition. Priced at $1,050,000 ($400.76/sq ft), it's an outparcel to the 678,480-square-foot Central Mall, benefiting from numerous national anchors and high visibility on a major retail corridor with over 82,445 vehicles per day near the I-30 and I-369 junction. The property enjoys strong demographics, with a 5-mile radius boasting a population of 75,872 and an average household income of $64,432. Rents have shown a cumulative 13% increase over the past three years in a stable area with a low vacancy rate of 4.5%. Furthermore, the area's economic strength is evident in a 2.5% job growth and 0.3% population growth in the past year. The strategic location between Christus St. Michael Hospital and Wadley Regional Medical Center (combined patient revenue of $2,645,687,643), along with the presence of multiple educational institutions, further enhances the property's long-term potential. Texarkana's position at a major interstate junction provides convenient access to key markets across the Midwest and Gulf Coast.