4002 Saint Michael Dr - Fast Food FOR SALE


Texarkana, TX 75503
$6,979,000 USD
415-604-4288
4002 Saint Michael Dr, Texarkana, TX for Sale
$6,979,000 USD
Fast Food - FOR SALE
1/7
null | 5.85% Cap Rate

4002 Saint Michael Dr
Texarkana, TX 75503


HIGHLIGHTS

  • New construction 15-year Panera Bread with drive-thru and 10-Year First Watch - both corporate leases
  • Both leases include 10% rental increases every five years, providing a long-term income generator
  • First Watch (NASDAQ: “FWRG”) operates over 535 locations across 29 states, employing over 14,000 individuals
  • 2026 construction built to the latest First Watch & Panera Bread prototypes
  • Direct outparcel to a Home Depot and Target anchored power center
  • The site’s proximity to Interstate 30 (77,040 AADT) allows the property to capture significant local and commuter traffic

OVERVIEW

Excellent Multi-Tenant Location: Highly visible and easily accessible location along Interstate 30 (77,040 AADT), allowing the property to capture significant local and commuter traffic. Richmond Ranch Shopping Center: Asset is part of the Richmond Ranch Shopping Center, a major Target, Home Depot, Sam’s Club, and Kohl’sAnchored power center. Ideal Demographic Base: The five-mile radius serves a populous region of 71,826, with an average annual household income of $78,413 within three miles. Texarkana College: Beneficial proximity to Texarkana College, with a student body of 3,575 people as well as Texas A&M University – Texarkana (2,112 students). Christus St. Michael Hospital: One mile from Christus St. Michael Hospital, with 275 full time staffed beds and 2,200 employees. Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this multi-tenant asset and Texarkana for steady concurrent growth

FOR SALE DETAILS

PRICE

$6,979,000 USD

PRICE/SF

$1,686 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread & First Watch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Scott CrowleCushman & WakefieldMore Info
415-604-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.