2905 Richmond Rd - Retail FOR SALE
Texarkana, TX 75503 |
$1,505,000 USD
844-585-7682
2905 Richmond Rd
Texarkana, TX 75503
HIGHLIGHTS
- Single-Tenant Corporate Valvoline Instant Oil Change (NYSE:VVV)
- 15-Year Absolute NNN Corporate Lease (11 Years Remaining); Zero Landlord Responsibilities
- 10% Increases Every 5 Years During the Base Term and Each of the Three Option Periods (Next Increase May 2026)
- The Property Features a Larger 4-Bay Concept vs. Valvoline’s Standard 2-Bay Concept
- Surrounding National Retailers Include Home Depot, Sam’s Club, Target, Bed Bath & Beyond, Kohl’s, T.J. Maxx, Hobby Lobby, and More
- The Property is Just East of the New Wadley Regional Medical Center (Under Construction)
FOR SALE DETAILS
PRICE
$1,505,000 USD
PRICE/SF
$533 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Valvoline | Texarkana, TX
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,522 SF
ZONING
-
APN/PARCEL ID
43668
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844-585-7682
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844-585-7682
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