Cap Rate: 6.50%
Net Operating Income: $176,496
Square Footage: 20,743
Lot Size: 2.24 AC
The Kase Group is pleased to present the opportunity to acquire a net leased Books-a-Million Texarkana, TX. The Property is situated just steps away from I-30, the major east-west highway in the region connecting to Little Rock, AR to the northeast and Dallas, TX to the west. The Property and signage are easily visible to the 77,000+ vehicles that travel the interstate daily.
Books-A-Million benefits from the strong retailers surrounding the Property. The Central Mall features anchor tenants Dillard’s and JCPenney. In addition, other retailers such as Outback Steakhouse, ULTA Beauty, Chili’s Grill & Bar, Olive Garden and Michaels attract customers from an expansive trade area.
Texarkana is a city in Bowie County, Texas, United States, located in the Ark-La-Tex region. Texarkana is located at the junction of Interstate 30 and US highways 59, 67, 71, and 82 in extreme northeast Texas on the Texas-Arkansas border. It is located approximately 180 miles (290 km) from Dallas, Texarkana is a twin city with neighboring Texarkana, Arkansas. The population of the Texas city was 36,411 at the 2010 census. The city and its Arkansas counterpart form the core of the Texarkana Metropolitan Statistical Area, encompassing all of Bowie County, Texas, and Miller County, Arkansas. The two cities had a combined population of 65,974 in 2019 estimates and the metropolitan area had a total population of 150,098.