Park West Retail Center

Price: $2,650,000
Sq. Ft.: 27,299
Cap Rate: 8.85%
Built: 1995
  • 27,299-Square-Foot, Multi-Tenant Retail Center Located in Wake Village, Texas (Texarkana)
  • Shadow-Anchored by a Top Performing Walmart Neighborhood Market | Ranked in the Top 91st Percentile in the State of Texas and Top 95th Percentile in the United States as Compared to other Neighborhood Market Stores (source Placer Labs)
  • 94% Occupied | 33% of the GLA has Triple-Net Leases
  • Significant Upside Potential in Leasing the Vacant Space and Converting all Leases to Triple-Net | Pro Forma Cap Rate is 12.10%
  • Complementary Mix of National and Local Tenants
  • Priced at $97 per Square Foot | Well Below Replacement Value
  • Well Positioned at the Signalized Hard Corner of Highway 369 and West 7th Street | Cumulative Traffic Counts are Approximately 48,695 Vehicles per Day
  • Easily Accessible from Multiple Ingress and Egress Points | Pylon Signage Provides Additional Exposure to the Center
  • Close Proximity to Texarkana College and Texas A&M University Texarkana
  • Part of the Texarkana Metropolitan Statistical Area, Encompassing Bowie County, Texas and Miller County, Arkansas | MSA Population Exceeds 146,000 Residents