For Sale
$1,760,000

4210 State Line AveTexarkana, AR 71854

High-Yield NNN Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity features a brand-new (2023), 1,418 square foot Take 5 Oil Change located at 4210 N State Line Ave, Texarkana, AR 71854. The property sits on a 0.66-acre lot and is subject to a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC (operating over 3,500 units). The current annual net operating income (NOI) is $110,000, representing a strong 6.25% cap rate and a price per square foot of $1,241.18. The lease includes attractive annual rent increases of 1.50% starting in year two, providing consistent growth and long-term stability. Four, five-year tenant renewal options further enhance the investment's security. This single-tenant, net lease property offers a compelling combination of strong tenant creditworthiness, predictable cash flow, and significant long-term growth potential, making it an ideal addition to any diversified investment portfolio. The property's prime location in Texarkana, Arkansas ensures high visibility and accessibility for customers. This is a turnkey investment opportunity with minimal management requirements, offering a passive income stream for years to come. The asking price is $1,760,000.

Highlights

  • $1,760,000 asking price for a 1,418 SF Take 5 Oil Change in Texarkana, AR.
  • 20-year NNN lease with a corporate guarantee from Driven Funding Holdco, LLC.
  • 6.25% cap rate with a $110,000 annual net operating income (NOI).
  • Annual rent increases of 1.50% starting in year two, plus four 5-year renewal options.
  • Located on a 0.66-acre lot at 4210 N State Line Ave, Texarkana, AR 71854, built in 2023.

Property Details for 4210 State Line Ave

Property type
Retail properties, Auto shops
Square Feet
1,418 SF
Year Built
2023
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Texarkana
County
Miller
State
Arkansas
Latitude
33.4651856
Longitude
-94.0424631
4210 State Line Ave, Texarkana, Arkansas

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4210 State Line Ave
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