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Long John Silver's 3810 N State Line Ave 3,000 SF Retail Building Texarkana, AR 71854 $1,575,205 ($525.07/SF) 6.50% Cap Rate
Executive Summary
Absolute Triple-Net (NNN) Lease with zero landlord responsibilities
18-Unit Franchisee Guarantee from Tajay Restaurants, Inc., a subsidiary of AMPEX brands ran by CEO Tabbassum Mumtaz
AMPEX Brands owns and operates over 300 QSR's nationwide including Taco Bell, KFC, Pizza Hut & Long John Silver's
High-Traffic Signalized Intersection with ±26,000 VPD along North State Line Ave and ±15,000 on Arkansas Blvd
Freestanding Restaurant with drive-thru, situated on a 0.78 acre parcel with 3,000 SF of leasable space
Top-Performing Location ranked as the #2 Long John Silver's in Arkansas by foot traffic (Source: AlphaMaps)
Outparcel to Albertsons, the only Albertsons location in Arkansas which sees 168,157 weekly visits
Walmart Supercenter, located across the intersection, is ranked in the top 9% of Walmart locations nationwide
Demographics support a population of over 66,262 residents within a 5-mile radius of the site
18-Unit Franchisee Guarantee from Tajay Restaurants, Inc., a subsidiary of AMPEX brands ran by CEO Tabbassum Mumtaz
AMPEX Brands owns and operates over 300 QSR's nationwide including Taco Bell, KFC, Pizza Hut & Long John Silver's
High-Traffic Signalized Intersection with ±26,000 VPD along North State Line Ave and ±15,000 on Arkansas Blvd
Freestanding Restaurant with drive-thru, situated on a 0.78 acre parcel with 3,000 SF of leasable space
Top-Performing Location ranked as the #2 Long John Silver's in Arkansas by foot traffic (Source: AlphaMaps)
Outparcel to Albertsons, the only Albertsons location in Arkansas which sees 168,157 weekly visits
Walmart Supercenter, located across the intersection, is ranked in the top 9% of Walmart locations nationwide
Demographics support a population of over 66,262 residents within a 5-mile radius of the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1975/2020
Price
$1,575,205
Price Per SF
$525.07
Cap Rate
6.50%
NOI
$102,388
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00270803 | Improvements Assessment | $88,060 |
| Land Assessment | $20,360 | Total Assessment | $108,420 |
Property Taxes
Parcel Number
00270803
Land Assessment
$20,360
Improvements Assessment
$88,060
Total Assessment
$108,420
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Long John Silver's | 3810 N State Line Ave
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