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Jaggers Sale-Leaseback Mall Dr 3,500 SF 100% Leased Retail Building Texarkana, TX 75503 $4,353,023 CAD ($1,243.72 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 20-year absolute NNN sale-leaseback, plus four (4) five-year options
- 8% rental increases every five (5) years, providing a stable long-term income generator
- Located next to new Texas Roadhouse relocation store and Bubba’s 33 restaurant
- No landlord management, ideal for an out-of-area investor
- The Saxton Group has been ranked #84 on Franchise Times Restaurant 200 list of franchisees
- The Texas Roadhouse store adjacent to the subject property is the #2 store in Texas and #6 store nationwide
Executive Summary
Jaggers is located along Interstate 30 Frontage Road in central Texarkana on the Texas side of the city. Interstate 30 Frontage Road is one of the major traffic arteries within Texarkana, exceeding 74,250 vehicles per day, while also connecting the subject property to multiple nearby major national retailers such as Sam’s Club, Target,
The Home Depot, Lowe’s Home Improvement, Academy Sports, Hobby Lobby, Walmart, and many others. Jaggers resides within a newly constructed restaurant development
which services the nearly 72,000 people who live within five miles of the restaurant. This site also enjoys being positioned in a relatively affluent area with an average household income exceeding $75,000 within a one-mile radius. Additionally, the site is near high-density single-family housing and large apartment complexes, a strong traffic driver for the property. The subject property is situated in the center of Texarkana, conveniently located near multiple major community centers including Texas A&M University – Texarkana (2,112 students), Texarkana College (3,575 students), Texas High School (1,726 students), Christus St. Michael Hospital (275 beds; 1,902 employees), and many other significant traffic drivers
The Home Depot, Lowe’s Home Improvement, Academy Sports, Hobby Lobby, Walmart, and many others. Jaggers resides within a newly constructed restaurant development
which services the nearly 72,000 people who live within five miles of the restaurant. This site also enjoys being positioned in a relatively affluent area with an average household income exceeding $75,000 within a one-mile radius. Additionally, the site is near high-density single-family housing and large apartment complexes, a strong traffic driver for the property. The subject property is situated in the center of Texarkana, conveniently located near multiple major community centers including Texas A&M University – Texarkana (2,112 students), Texarkana College (3,575 students), Texas High School (1,726 students), Christus St. Michael Hospital (275 beds; 1,902 employees), and many other significant traffic drivers
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2025
Price
$4,353,023 CAD
Price Per SF
$1,243.72 CAD
Cap Rate
5.25%
NOI
$228,523 CAD
Percent Leased
100%
Building Height
1 Story
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25415 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,170,591 CAD | Total Assessment | $1,170,591 CAD |
Property Taxes
Parcel Number
25415
Land Assessment
$1,170,591 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,170,591 CAD
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Jaggers Sale-Leaseback | Mall Dr
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