For Sale
$600,000

101 Texas St Hoxie, AR 72433

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

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - High-yield, 17+ year NNN lease. Citgo-branded.
Where is the retail property located?
The property is located at 101 Texas St Hoxie, AR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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101 Texas St
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