Asset Type: Income-producing retail property
CAP 13%
Size: ~580,000 SF GLA | ~40 acres
NOI: $2.1M current | significant upside through lease-up and re-tenanting
Occupancy: 65% — stabilized with value-add runway
Parking: 3,000+ spaces — ideal for large-format redevelopment or phased conversion
Zoning: Commercial | Development rights intact
Location: Texarkana, TX/AR — 50+ mile trade area with limited competitive supply
Trade Area: National retailers, medical centers, major highway access, regional employment base

Texarkana Mall is a ~580,000 square foot regional mall situated on approximately 40 acres at the Texas-Arkansas border, offering 3,000+ surface parking spaces and an 80% occupancy rate generating $2.1 M in net operating income. The asset is offered with development rights and flexible commercial zoning, making it one of the most versatile large-format retail investment opportunities in the Mid-South market.

At the $16 million asking price, the acquisition equates to approximately $26 per square foot for the improvements alone, before attributing any value to the existing $2.1 million NOI, the ~40+ acres of land, the parking and site infrastructure, or the multifamily development rights.

For context, replacement cost for comparable retail improvements would likely be in the range of ~$40+ million (approximately $100-150 per square foot), exclusive of land acquisition, site development, carrying costs, and entitlement risk.

Purchase price: $16M
NOI: $2.1M
Cap rate: ~13%
DSCR (70% LTV): ~2.1x
Occupancy: 65%
580,000 SF mall
~40 acres
hotel/multifamily pad already identified, development rights
parking spaces (so residential doesn’t impair retail)
Both anchors remain traffic generators
NOI excludes both anchors

Broker of Record Solutions, Inc.
Alex Everest, Broker

1201 W Peachtree St NW, #2300
Atlanta, GA 30309

Firm License: 9014506
Broker License: 818858

Texas Broker of Record

Agency Disclosure:
Seller's brokers are working with the seller. Seller's brokers do not represent buyers in any agency, fiduciary, or brokerage capacity in this transaction.
Seller's brokers will work with buyers as a customer, but not as a client. Buyers seeking representation must retain a broker other than seller's broker.
Co-Brokerage Notice:
This is a cooperative brokerage transaction in compliance with applicable law.