For Sale
$126,000

2028 Highway 92Springfield, AR 72157

High-traffic location, excellent value-add.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 3,612 square foot gas station and convenience store is available for lease in Springfield, Arkansas. Located at 2028 Highway 92, this property boasts a prime location at the intersection of Highways 92 and 124, offering excellent ingress and egress with multiple access points. The property sits on a 5.84-acre lot and enjoys 100% occupancy. This single-tenancy retail space has a long-term operating history of 15+ years, serving the community and benefiting from limited competition as the only gas station connecting Hill Creek to Springfield and Damascus. The asking price is $126,000, with a price per square foot of $34.88. The lease is an Absolute NNN with a 2% annual rent bump. This presents an excellent value-add opportunity with an open fuel supply. The property benefits from proximity to numerous national tenants including McDonald's, Arby's, Culver's, Subway, KFC, and Walgreens, ensuring high visibility and customer traffic. This is a strong investment opportunity for an owner/user seeking a well-established business in a thriving location.

Highlights

  • High-demand location: Only gas station connecting Hill Creek, Springfield, and Damascus.
  • Significant upside potential: Abundant fuel supply available.
  • Convenient access: Multiple points of ingress/egress.
  • Strong surrounding demographics: Proximity to McDonald's, Arby's, Culver's, Subway, KFC, and Walgreens.
  • Established business: 15+ years of consistent operation.
  • High-traffic intersection: Situated at the intersection of Highways 92 and 124.

Property Details for 2028 Highway 92

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,612 SF
Lot Size (sq. ft)
254,390 SF

Location Insight

City
Springfield
County
Conway
State
Arkansas
Latitude
35.2680003
Longitude
-92.5546213
2028 Highway 92, Springfield, Arkansas

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2028 Highway 92
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