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Phillips 66 Net Lease Gas Station - Texarkana 2324 N State Line Ave 2,524 SF Retail Building Texarkana, AR 71854 $1,342,452 ($531.87/SF) 7.75% Cap Rate
Investment Highlights
- Corporate guaranteed Absolute Triple Net (NNN) investment with approximately 18 years remaining on the lease.
- Prime location in the heart of Texarkana, strategically positioned for optimal accessibility and convenience.
- Surrounded by national tenants, including Walmart, Sonic, Starbucks, Pizza Hut, and more, driving significant foot traffic to the area.
- Recently renovated, featuring new gas pumps, a new canopy, and upgraded signage reflecting modern Phillips 66 branding.
- High-traffic area, located off State Line Avenue, which sees approximately 22,000 VPD, enhancing visibility and customer access.
- Proximity to key amenities, situated 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 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
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
2000
Price
$1,342,452
Price Per SF
$531.87
Cap Rate
7.75%
NOI
$104,040
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
- Phillips 66
- Retailer
- 2,524 SF
- $41.22
- Jan 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Phillips 66 | Retailer | 2,524 SF | $41.22 | Jan 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1790090 | Improvements Assessment | $144,160 |
| Land Assessment | $9,200 | Total Assessment | $153,360 |
Property Taxes
Parcel Number
1790090
Land Assessment
$9,200
Improvements Assessment
$144,160
Total Assessment
$153,360
Contacts
-
John Brown -
Zachary Passman -
Clifton McCrory -
Chris Sands -
Andrew Ackerman -
Sands Investment Group
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Phillips 66 Net Lease Gas Station - Texarkana | 2324 N State Line Ave
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