1621 N Bishop Rd - Office FOR SALE


Texarkana, TX 75501
$3,410,761 USD
903-255-1730
1621 N Bishop Rd, Texarkana, TX for Sale
$3,410,761 USD
Office - FOR SALE
1/4
null | 5.65% Cap Rate

1621 N Bishop Rd
Texarkana, TX 75501


HIGHLIGHTS

  • 20 Year NNN Lease
  • Car AND Truck Combined Location
  • On Site Car Wash
  • High Visibility with Interstate Frontage

OVERVIEW

Introducing the lucrative investment opportunity at Enterprise Rent-A-Car - 1621 N. Bishop Rd., Texarkana, TX. This cutting-edge property boasts a 20-year NNN lease with the innovative new prototype for a combined car & truck location. Featuring a 5.65% CAP rate, the property spreads over 3.061 acres and includes a 3,761 SF office building and a car wash. The site showcases ample parking spaces with solid overflow capacity, and fronting I-369 with high traffic visibility. The tenant, EAN Holdings, LLC, operating as Enterprise Rent-A-Car, holds a stellar A- credit rating by S&P Global Ratings, ensuring a secure income stream. This investment gem offers 2% annual rental escalations through October 2044. With a strategic location drawing from a vast local population and strong tenant profile of Enterprise Rent-A-Car, this property presents a rare chance to acquire a high-performing asset with minimal management responsibilities. Discover the rewards of passive ownership with this top-rated national tenant property.

FOR SALE DETAILS

PRICE

$3,410,761 USD

PRICE/SF

$907 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Year NNN Lease | New Prototype

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

F1

APN/PARCEL ID

01400004800

ASK ABOUT THIS PROPERTY

Adam Dukelow, CCIMScout Property GroupMore Info
903-255-1730

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Adam Dukelow, CCIMScout Property GroupMore Info
903-255-1730

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