2324 N State Line Ave - Service Station FOR SALE
Texarkana, AR 71854 |
$1,342,452 USD
843-620-7762
2324 N State Line Ave
Texarkana, AR 71854
HIGHLIGHTS
- Corporate guaranteed Absolute Triple Net (NNN) investment with approximately 18 years remaining on the lease.
- Recently renovated, featuring new gas pumps, a new canopy, and upgraded signage reflecting modern Phillips 66 branding.
- Prime location in the heart of Texarkana, strategically positioned for optimal accessibility and convenience.
- High-traffic area, located off State Line Avenue, which sees approximately 22,000 VPD, enhancing visibility and customer access.
- Surrounded by national tenants, including Walmart, Sonic, Starbucks, Pizza Hut, and more, driving significant foot traffic to the area.
- Proximity to key amenities, situated within a mile of numerous hospitality options, CHRISTUS Health facilities, and Texarkana Regional Airport.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 2,524 SF Phillips 66 Net Lease Gas Station located at 2324 North State Line in Texarkana, AR. This deal includes a corporate guaranteed Absolute Triple Net (NNN) investment with approximately 18 years remaining on the lease, offering long-term stability for the investor.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. #PB00085157 BoR: Andrew Ackerman - Lic. AR #PB00085157
FOR SALE DETAILS
PRICE
$1,342,452 USD
PRICE/SF
$532 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Phillips 66 Net Lease Gas Station - Texarkana
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.35 AC
LAND SF
15,246 SF
ZONING
-
APN/PARCEL ID
1790090
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843-620-7762
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843-620-7762
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