Texarkana, TX - Shops at Gibson Heights

Description:

• The tenant lineup consists of Lost Pizza Co., Texline Card House & Social Club, and Apricot Lane Boutique, with an additional ground lease to TEXAR Federal Credit Union for an on-site ATM
• The retail tenants operate under leases that are NNN in nature, providing an attractive operating structure with tenants responsible for their respective shares of property operating expenses
• Lost Pizza Co., the center’s largest tenant, occupies approximately 57% of the rentable area and has two 5-year renewal options remaining with 10%rental increases at the beginning of each
• Apricot Lane Boutique features 2% annual rental increases and three 5-year renewal options, providing additional contractual rent growth and long-term occupancy potential

• The subject property is adjacent to Richmond Ranch, a 390,000+ square foot power center anchored by Target, The Home Depot, Kohl’s, PetSmart, CVS, Office Depot, Boot Barn, and more
• According to Placer.ai, the Richmond Ranch attracts more than 3.3 million annual visitors and ranks in the 96th percentile nationwide
• Other nearby national/credit tenants include Sam’s Club, Walmart Supercenter, Lowe’s, Ashley, Academy Sports, TJ Maxx, Burlington, and more.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003QmthYAC