For Sale
$600,000

101 Texas StHoxie, AR 72433

High-yield, 17+ year NNN lease. Citgo-branded.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents an 8,370 square foot, Citgo-branded convenience store and gas station located at 101 SW Texas Street in Hoxie, Arkansas. The property boasts a strong 8.00% cap rate and a substantial 17.9 years remaining on a triple net (NNN) lease, commencing October 1, 2022, and expiring October 1, 2042. The lease includes four 5-year renewal options, providing long-term stability and predictable income. Annual rent increases of 2% protect against inflation and ensure consistent growth in property value. The tenant is responsible for all property expenses, including taxes, insurance, and maintenance, minimizing landlord responsibilities. The property's strategic location on Southwest Texas Street, a high-traffic area with over 8,000 vehicles daily, ensures excellent visibility and accessibility. The surrounding area features numerous national retailers, including McDonald's, O'Reilly Auto Parts, Walmart, Tractor Supply, Dollar General, and Family Dollar, further enhancing the property's desirability and potential for continued success. The asking price is $600,000, translating to a price per square foot of $71.68. The current Net Operating Income (NOI) stands at $48,000. This is a turnkey investment ideal for passive income seekers.

Highlights

  • Absolute Triple Net (NNN) Lease: 17+ year lease with zero landlord responsibilities.
  • Annual Rent Escalations: 2% annual rent increases to protect against inflation.
  • Prime Location: Near Hoxie City Hall, major retail corridor, and US Highways 63 & 67.
  • High Traffic Area: Situated on Southwest Texas Street (8,000+ vehicles daily), near a convenience store and other retailers.
  • Significant Tax Advantages: Attractive depreciation benefits (consult your CPA).
  • Strong Tenant Co-Tenancy: Surrounded by national retailers including McDonald's, O'Reilly Auto Parts, Walmart, Tractor Supply, Dollar General, and Family Dollar.

Property Details for 101 Texas St

Property type
Retail properties, Retail space
Square Feet
8,370 SF

Location Insight

City
Hoxie
County
Lawrence
State
Arkansas
Latitude
36.052096583688
Longitude
-90.973895087507
101 Texas St, Hoxie, Arkansas

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101 Texas St
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