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STARBUCKS w/ DR-THRU | 2024 CONSTRUCTION 5211 W Park Blvd

2,225 SF Retail Building Texarkana, TX 75503 £1,882,857 (£846/SF) 6% Net Initial Yield

Investment Highlights

  • Starbucks with Dr-Thru Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction.
  • Positioned Along Area’s Retail & Traffic Corridor: Features Excellent Highway Visibility and Accessibility with Strong Traffic Counts.
  • A Short Drive from Central Mall - a 678k+ Sq.Ft. Shopping Center Anchored by Dillard’s, JCPenney and featuring 60+ Retail Stores & Restaurants.
  • Starbucks has a S&P Investment Grade Credit Rating of “BBB+” and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $35.97B.
  • Adjacent to a Future Medical Center and In Close Proximity to Wadley Regional Medical Center.
  • In Close Proximity to Texarkana College - a Public Community College with a Total Enrollment of more than 4,695 Students and Texas High School.

Executive Summary

Brand New 2024 High Quality Construction | Along I-30 | Adjacent to Future Medical Center | Near Wadley Regional Medical Center & CHRISTUS St. Michael Hospital | In Close Proximity to Texarkana College | Less than 2 Miles from Shopping Mall | Strong Retail Node

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,225 SF
Building Class
B
Year Built
2024
Price
£1,882,857
Price Per SF
£846
Net Initial Yield
6%
NOI
£112,971
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.93 AC

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PROPERTY TAXES

Parcel Number 86381 Improvements Assessment £1,509,523
Land Assessment £563,580 Total Assessment £2,073,103

PROPERTY TAXES

Parcel Number
86381
Land Assessment
£563,580
Improvements Assessment
£1,509,523
Total Assessment
£2,073,103
(858) 373-3184

  • Listing ID: 32465118

  • Date on Market: 15/07/2024

  • Last Updated:

  • Address: 5211 W Park Blvd, Texarkana, TX 75503

The Retail Property at 5211 W Park Blvd, Texarkana, TX 75503 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

STARBUCKS w/ DR-THRU | 2024 CONSTRUCTION | 5211 W Park Blvd
(858) 373-3184 x

STARBUCKS w/ DR-THRU | 2024 CONSTRUCTION | 5211 W Park Blvd

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Alvin Mansour

(858) 373-3184

(858) 373-3184

David Kern

(858) 373-3185

(858) 373-3185

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