5211 Park Blvd, Texarkana, TX 75503

Property Details for 5211 Park Blvd

Year built

2024

Lot size

0.93 lot acres

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional investment opportunity presents a brand-new, 2024-constructed Starbucks with a drive-thru, located at 5211 W Park Blvd, Texarkana, TX 75503. The 2,225 square-foot property sits on a 0.93-acre lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $143,000. The property benefits from a corporate-guaranteed, net lease with a remaining term of 9.4 years, expiring April 30, 2034, and includes attractive 10% rent bumps every five years. This Class A retail space is strategically positioned along a major retail corridor with excellent highway visibility and accessibility, directly off Interstate-30 (82,000+ vehicles per day) and with easy access to Interstate-369 (41,000+ vehicles per day). The location benefits from proximity to a future medical center, Wadley Regional Medical Center (370 beds, 21-bed ER), CHRISTUS St. Michael Hospital (312-bed acute care hospital, plus rehabilitation and outpatient facilities), and Central Mall (678,000+ square feet, anchored by Dillard's and JCPenney). The area also features numerous national retailers including Walmart, Lowe's, Academy Sports, Target, Home Depot, Kohl's, Best Buy, TJ Maxx, Hobby Lobby, Ross, and Sam's Club. High foot traffic is supported by Placer.AI data showing significant annual visitor counts at nearby Walmart, Lowe's, and Academy Sports. Furthermore, the property's proximity to Texarkana College and Texas High School provides a substantial customer base. The asking price is $2,383,333, representing a price per square foot of $1,071.16. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and excellent long-term growth potential.

Location Insight

City

Texarkana

County

Bowie

State

Texas

Longitude

-94.1076969

Latitude

33.4527507