5101 N State Line Ave - Restaurant FOR SALE
Texarkana, TX 75503 |
$1,956,000 USD
614-595-1674
5101 N State Line Ave
Texarkana, TX 75503
HIGHLIGHTS
- 7,264-square-foot freestanding restaurant situated on a large 1.31-acre lot, featuring a prominent pylon sign excellent visibility along US Highway 71
- Absolute net lease | Tenant is responsible for property taxes, insurance, all repairs and maintenance, including full responsibility for roof repair
- Tenant reports above-average sales with strong cash flows and healthy operating margins, offering excellent support for lease renewal
- Tenant has operated location for 20 years and has approximately three years remaining on the current term, plus two additional five-year options
- Positioned directly off US Highway 71, near the I-30 exit, benefitting from strong traffic counts of 26,000+ and 41,900+ VPD respectively
- Subject property is surrounded by a dense cluster of national brands, including Walmart Supercenter, Tractor Supply Co., Starbucks, Wendy’s, & More
FOR SALE DETAILS
PRICE
$1,956,000 USD
PRICE/SF
$269 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hooters
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
120
LAND DETAILS
LAND ACRES
1.32 AC
LAND SF
57,499 SF
ZONING
C
APN/PARCEL ID
17500004900
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614-595-1674
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614-595-1674
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