SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, personally guaranteed, absolute NNN leased, Texarkana Variety Store investment property located in Texarkana, Texas. The tenant, Variety LLC., recently signed a brand new 10-year lease, demonstrating their commitment to the site. The lease features 5% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is personally guaranteed and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

Texarkana Variety Store is located along New Boston Road, a stretch of US Hwy 82 averaging 15,000 vehicles passing by daily. US Hwy 82 is a major east-west commuter highway connecting markets in the western US to those as far east as Georgia. In addition, the property benefits from its proximity to direct on/off ramp access to the directional interchange of I-30 (77,000 VPD) and I-369 (39,400 VPD), two primary commuter thoroughfares traveling throughout Texas and Arkansas. Located in the heart of an immense retail corridor, the site is surrounded by numerous shopping centers including Central Mall (696,197 SF), Richmond Ranch Shopping Center (387,935 SF), Oaklawn Village Shopping Center (248,322 SF) and Texarkana Pavilion (106,920 SF). Other nearby national/credit tenants include Walmart Supercenter, The Home Depot, Lowes, Sam’s Club, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, Texarkana Variety Store is positioned less than 1 mile from Texarkana College, a campus supporting over 4,600 students, providing a direct consumer base from which to draw. The 5-mile trade area is supported by over 77,000 residents and 47,000 daytime employees with an average household income of $59,800.