4206 Gibson Ln - Storefront FOR SALE


Texarkana, TX 75503 | 
$2,335,000 USD
470-344-2586
4206 Gibson Ln, Texarkana, TX for Sale
$2,335,000 USD
Storefront - FOR SALE
1/11
null | 6.75% Cap Rate

4206 Gibson Ln
Texarkana, TX 75503


HIGHLIGHTS

  • 100% Occupied | Scheduled Rent Increases | Net Leases | E-Commerce Resistant Tenant Lineup | Additional ATM Income
  • Adjacent to Richmond Ranch (390,000+ SF Power Center) | Dense Retail Corridor | Strong National/Credit Tenants
  • Located Along Arterial Thoroughfare | Centralized Location | CHRISTUS St. Michael Hospital (311 Beds) | Texas A&M Campus
  • Strong Demographics in 5-Mile Trade Area | Income Tax Free State |Healthy Average Household Incomes | Bowie County

OVERVIEW

• The tenant lineup consists of Lost Pizza Co., Texline Card House & Social Club, and Apricot Lane Boutique, with an additional ground lease to TEXAR Federal Credit Union for an on-site ATM • The retail tenants operate under leases that are NNN in nature, providing an attractive operating structure with tenants responsible for their respective shares of property operating expenses • Lost Pizza Co., the center’s largest tenant, occupies approximately 57% of the rentable area and has two 5-year renewal options remaining with 10%rental increases at the beginning of each • Apricot Lane Boutique features 2% annual rental increases and three 5-year renewal options, providing additional contractual rent growth and long-term occupancy potential

FOR SALE DETAILS

PRICE

$2,335,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Gibson Heights | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

General Commercial

APN/PARCEL ID

93995

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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