P66 Net Lease Gas Station - Texarkana, AR 2324 N State Line Ave 2,524 SF Retail Building Texarkana, AR 71854 $1,949,762 CAD ($772.49 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Absolute Triple Net (NNN) Investment: Approximately 19 Years Remaining on the Lease
- Prime Location in the Heart of Texarkana: Strategically Positioned For Optimal Accessibility and Convenience
- Surrounded By National Tenants: Includes Walmart, Sonic, Starbucks, Pizza Hut, and Many More, Driving Significant Foot Traffic to the Area
- Recently Renovated: Features New Gas Pumps, Canopy, and Signage Upgraded to Reflect the Modern Phillips 66 Branding
- High-Traffic Area: Located Off State Line Avenue, Which Sees Approximately 22,000 Vehicles Daily, Enhancing Visibility and Customer Access
- Proximity to Key Amenities: Located Within a Mile of Numerous Hospitality Options, ChristUS Health Facilities, and Texarkana Regional Airport
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,524 SF P66 Gas Station Located at 2324 North State Line in Texarkana, AR. This Deal Includes a Corporate Guaranteed Absolute Triple Net (NNN) Investment With Approximately 19 Years Remaining on the Lease, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. #PB00085157 BoR: Andrew Ackerman - Lic. AR #PB00085157
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. #PB00085157 BoR: Andrew Ackerman - Lic. AR #PB00085157
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,524 SF
Building Class
C
Year Built
1989
Price
$1,949,762 CAD
Price Per SF
$772.49 CAD
Cap Rate
7.25%
NOI
$141,358 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.35 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Corporate
- Retailer
- 2,524 SF
- $54.91 CAD
- Jan 2044
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Corporate | Retailer | 2,524 SF | $54.91 CAD | Jan 2044 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1790090 | Improvements Assessment | $162,342 CAD |
| Land Assessment | $13,153 CAD | Total Assessment | $175,496 CAD |
CONTACTS
-
Zachary Passman -
John Brown -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
