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Department Store

Kohl's Texarkana

4101 Gibson Ln, Texarkana, TX 75503

Listing Price: $8,826,633

Cap Rate
6.00%
Tenant Name
Kohl's
Years Remaining On Lease
6.3
Gross SF
88,649
Guarantor
Corporate Guarantee
Rentable SF
88,649
Price/Gross SF
$99.57
Lease Type
Double Net
Rent Per Square Feet
$5.97

Investment Overview

Marcus & Millichap is pleased to present this Kohl’s department store located at 4101 Gibson Lane in Texarkana, TX . The double-net (NN) lease has nearly six and a half years remaining in the original term with six, five-year option periods to extend the lease with scheduled rent increases. The subject property was built in 2006 and is 88,649 square feet. The Kohl’s is situated on a 7.15-acre lot and is easily accessible to the over 82,445 vehicles which pass by the site per day. The immediate area surrounding the Kohl’s property benefits from extraordinarily high traffic counts. The subject property is located right off US HWY 59 and I-30, which is traveled by more than 82,445 vehicles per day. Less than a mile from the subject Kohl’s is the future site of the new Wadley Regional Medical Center. The new nearly 400,000 SF, $227 million-facility will be the city of Texarkana’s largest commercial development project in its history. The groundbreaking commenced in September 2021 with the Center scheduled to open in May 2024. It will feature a medical office building and a full range of hospital services, including a 24/7 emergency room, orthopedics, cardiovascular area, neurosurgery, maternity care and a number of outpatient services. The hospital will have an impact of over $400 million in total contribution to the local economy through contribution to local business, employment, and local taxes. Kohl’s is centrally located in a primary retail corridor with surrounding national retailers that include Home Depot, Bed Bath & Beyond, Target, Best Buy, Taco Bell, Ross, Chick-fil-A, Starbucks, and many, many more national and regional tenants.

Investment Highlights

  • Just Under 6.5 Years Remaining on the Lease - 6, 5-Year Options with Increases
  • Double-Net (NN) Lease Structure – Limited Landlord Responsibilities
  • Adjacent to New 400,000 Square Foot $227M Medical Center Development
  • Over ±82,445 Vehicles per Day on Nearby on US HWY 59 and I-30
  • Investment Grade Guarantor – "BBB-" Standard & Poor's Rating
  • Large 7.15 Acre Lot - 88,649 SF Building – Located in Primary Retail Corridor
  • Nearby Retailers – Home Depot, Target, Bed Bath & Beyond, Texas Roadhouse and more

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $8,826,633

Cap Rate
6.00%
Tenant Name
Kohl's
Years Remaining On Lease
6.3
Gross SF
88,649
Guarantor
Corporate Guarantee
Rentable SF
88,649
Price/Gross SF
$99.57
Lease Type
Double Net
Rent Per Square Feet
$5.97

Investment Highlights

  • Just Under 6.5 Years Remaining on the Lease - 6, 5-Year Options with Increases
  • Double-Net (NN) Lease Structure – Limited Landlord Responsibilities
  • Adjacent to New 400,000 Square Foot $227M Medical Center Development
  • Over ±82,445 Vehicles per Day on Nearby on US HWY 59 and I-30
  • Investment Grade Guarantor – "BBB-" Standard & Poor's Rating
  • Large 7.15 Acre Lot - 88,649 SF Building – Located in Primary Retail Corridor
  • Nearby Retailers – Home Depot, Target, Bed Bath & Beyond, Texas Roadhouse and more

Investment Overview

Marcus & Millichap is pleased to present this Kohl’s department store located at 4101 Gibson Lane in Texarkana, TX . The double-net (NN) lease has nearly six and a half years remaining in the original term with six, five-year option periods to extend the lease with scheduled rent increases. The subject property was built in 2006 and is 88,649 square feet. The Kohl’s is situated on a 7.15-acre lot and is easily accessible to the over 82,445 vehicles which pass by the site per day. The immediate area surrounding the Kohl’s property benefits from extraordinarily high traffic counts. The subject property is located right off US HWY 59 and I-30, which is traveled by more than 82,445 vehicles per day. Less than a mile from the subject Kohl’s is the future site of the new Wadley Regional Medical Center. The new nearly 400,000 SF, $227 million-facility will be the city of Texarkana’s largest commercial development project in its history. The groundbreaking commenced in September 2021 with the Center scheduled to open in May 2024. It will feature a medical office building and a full range of hospital services, including a 24/7 emergency room, orthopedics, cardiovascular area, neurosurgery, maternity care and a number of outpatient services. The hospital will have an impact of over $400 million in total contribution to the local economy through contribution to local business, employment, and local taxes. Kohl’s is centrally located in a primary retail corridor with surrounding national retailers that include Home Depot, Bed Bath & Beyond, Target, Best Buy, Taco Bell, Ross, Chick-fil-A, Starbucks, and many, many more national and regional tenants.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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