3002 Saint Michael Drive

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3002 Saint Michael Drive

Texarkana, TX 75503
Asking Price
$3.00M
Cap Rate
7.06%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

1.79-Acre Lot | Interstate Location | 71,808 Vehicles Daily | Major Hospitality Hub <ul><li>​Strong Underlying Real Estate | 1.79-Acre Lot | 7,422 Square-Foot Building | Interstate Location | Situated Within a Major Hospitality Hub | The subject property is a 7,422 square-foot building located on a 1.79-acre lot along a major interstate highway.​</li><li>​Strong Highway Frontage | Large Pylon Sign Visible From Interstate-30 | 71,808 Vehicles Per Day | The property is visible from Interstate-30 which experiences 71,808 vehicles per day.​ The property is located along I-30 Fronta

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times