For Sale
$75,000

2702 Mountain Pine Rd Hot Springs, AR 71913

Established Convenience Store & Gas Station

Overview

Added:
Dec 11, 2024
Days on market:
138
This thriving convenience store and gas station in Hot Springs, Arkansas, presents a compelling investment opportunity. Located at 2702 Mountain Pine Rd, this 2,484 square foot, single-story building sits on a 1.47-acre lot with ample parking (50 spaces) and excellent ingress/egress. The property benefits from a high-traffic location near schools and lakes, serving a large community including residents and lake-goers. Currently operating under a triple-net lease (NNN) with a 10-year term commencing April 29, 2024, the lease includes a built-in escalation clause with a $500 monthly rent increase starting in the sixth year. The asking price is $75,000 ($30.19/sq ft). The business boasts a large kitchen, currently offering subs, cakes, and sack lunches, with significant potential for expansion. Adding services like check cashing or expanding the food menu could significantly increase revenue. The three gas pumps offer further income potential, especially with branding opportunities. The property's zoning is commercial, and it was renovated 15 years ago. This established business offers a strong foundation for continued growth and profitability in a desirable location. The business only is for sale

Highlights

  • 2,484 SF single-story building on a 1.47-acre lot in Hot Springs, AR.
  • 50 parking spaces with excellent ingress/egress.
  • High-traffic location near schools and lakes.
  • Triple-net (NNN) lease with 10-year term starting April 29, 2024, including a $500 monthly rent increase in year six.
  • Asking price: $750,000 ($30.19/SF).
  • Convenience store and gas station with three pumps; existing kitchen offering subs, cakes, and sack lunches.

Property Details for 2702 Mountain Pine Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,484 SF
Year Renovated
15
Buildings
1
Stories
1

Location Insight

City
Hot Springs
County
Garland
State
Arkansas
Latitude
34.569529
Longitude
-93.1542217

FAQs

What type of property is this?
Retail property - Established Convenience Store & Gas Station
Where is the retail property located?
The property is located at 2702 Mountain Pine Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 2,484 SF single-story building on a 1.47-acre lot in Hot Springs, AR.; 50 parking spaces with excellent ingress/egress.; High-traffic location near schools and lakes.
How can I contact the broker?
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2702 Mountain Pine Rd
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