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LONE STAR PLAZA - TEXARKANA, TX 404 Walton Dr 12,239 SF 89% Leased Retail Building Texarkana, TX 75501 $3,740,531 CAD ($305.62 CAD/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • PRICE: $2,681,000
  • Texas is an income tax-free state!
  • Tenants: GameStop, Tax Service of America, Cato, Red River Credit Union, Great Clips, Luxury Nails, Verizon
  • Gross Leasable Area: +/-12,238 SF
  • 89% Occupied
  • Financing: All Cash or Buyer to obtain new financing at Close of Escrow

EXECUTIVE SUMMARY

(Building & Land) Fee Simple

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,239 SF
Building Class
C
Year Built
2004
Price
$3,740,531 CAD
Price Per SF
$305.62 CAD
Cap Rate
7%
NOI
$261,860 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.59 AC
Zoning
C - Commercial

AMENITIES

  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • Jan 2031

The Cato Corporation, a leading specialty retailer with corporate offices located in Charlotte, NC, operates under three concepts, “Cato”, “Versona” and “It’s Fashion”. Each concept targets a different customer base, occupies a unique niche, and provides growth opportunities. Across all concepts, the Company provides the latest in fashion apparel and accessories, superior customer service and exceptional values. With stores nationally spread out, The Cato Corporation offers a broad assortment of on-trend fashion styles for any occasion – work or play, dressy or casual in missy and plus sizes at value prices every day. The company focuses on delivering excellence in fit, quality, fabrics and selection.

  • Retailer
  • -
  • -
  • Triple Net
  • Jan 2027

GameStop is a specialty retailer of video games, consumer electronics, and pop culture merchandise. The company traces its origins to 1984 when it was founded as Babbage’s in Dallas, later adopting the GameStop name in 1999. It operates through physical stores and e-commerce platforms under brands such as GameStop, EB Games, and Micromania-Zing. GameStop sells new and pre-owned gaming hardware, software, accessories, and collectibles, along with digital downloads and in-game currency. GameStop maintains thousands of locations globally and has undergone significant restructuring to adapt to digital trends.

  • Services
  • -
  • -
  • -
  • Oct 2029

Great Clips is a franchised company with many hair salons across the U.S. and Canada. They pride themselves on making it easy for customers to get a great haircut at a great price at a time and place that’s convenient for them. That’s why they are open evenings and weekends. And they have made it easy for customers to make Great Clips their hair salon of choice with their Online Check-In and Clip Notes®. From day one—and throughout the decades they have been in business—Great Clips has created a host of innovations to make it faster, easier, and more convenient for people to get a hair cut. Great Clips, Inc. was established in 1982 in Minneapolis, Minnesota. Today, there are many independently owned Great Clips® salons throughout the United States and Canada, making it the world’s largest salon brand.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Jackson Hewitt has over 40 years of tax experience serving hardworking American communities. With their name on more than 65 million tax returns, they offer guaranteed accuracy—no guessing, just results. Clients can enjoy low-stress tax filing with fixed rates, no pre-payment penalties, and even holiday cash when it’s needed most. Whether visiting a local office or a Walmart location, taxpayers can rely on Jackson Hewitt’s trusted experts to file accurately and maximize refunds. Their guiding principle: “When every dollar matters, it matters who does your taxes®.”

  • Luxury Nails
  • Retailer
  • -
  • -
  • Triple Net
  • Jan 2035
  • Red River Credit Union
  • Finance and Insurance
  • -
  • -
  • -
  • Jan 2030
  • Information
  • -
  • $22.56 CAD
  • Triple Net
  • Oct 2031

Verizon Communications is a publicly traded telecommunications company (NYSE:?VZ) headquartered in New York City, with its operational hub located in Basking Ridge, New Jersey. Founded in 1983 through the Bell Atlantic merger, Verizon delivers diverse services including wireless voice and data, broadband (Fios), and enterprise solutions. It operates an authorized retail store in Bordentown, NJ, located at 276B Dunns Mill Road, offering wireless devices, plans, and home internet services. As of 2024, Verizon employed approximately 99,600 people and reported annual revenues around $135 billion. In October 2025, Daniel H. Schulman, former CEO of PayPal, succeeded Hans Vestberg as CEO and is leading a strategic restructuring, including workforce reductions and integration of the Frontier Communications acquisition. Verizon is a major player in 5G and fiber deployment and is included in the Dow Jones Industrial Average.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net Jan 2031
Retailer - - Triple Net Jan 2027
Services - - - Oct 2029
Professional, Scientific, and Technical Services - - - -
Luxury Nails Retailer - - Triple Net Jan 2035
Red River Credit Union Finance and Insurance - - - Jan 2030
Information - $22.56 CAD Triple Net Oct 2031

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 900
  • 1,373 SF
  • Retail
  • -
  • Now

Broker of Record Patrick Graham License # 9005919 (TX) Matthews 8300 Douglas Ave., Ste. 750, Dallas, TX 75225 (866) 889-0550

Space Size Space Use Position Available
900 1,373 SF Retail - Now

900

Size
1,373 SF
Space Use
Retail
Position
-
Available
Now

900

Size 1,373 SF
Space Use Retail
Position -
Available Now

Broker of Record Patrick Graham License # 9005919 (TX) Matthews 8300 Douglas Ave., Ste. 750, Dallas, TX 75225 (866) 889-0550

NEARBY MAJOR RETAILERS

Woodforest National Bank
Simmons Bank
On The Border Mexican Grill
LongHorn Steakhouse
Starbucks
Capital One
7 Brew Coffee
Smashburger
Chili's Grill & Bar
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
53332
Land Assessment
$534,324 CAD
Improvements Assessment
$1,941,071 CAD
Total Assessment
$2,475,396 CAD
  • Listing ID: 38475592

  • Date on Market: 2025-11-17

  • Last Updated:

  • Address: 404 Walton Dr, Texarkana, TX 75501

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