For Sale
$126,000

2028 Highway 92 Springfield, AR 72157

High-traffic location, excellent value-add.

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - High-traffic location, excellent value-add.
Where is the retail property located?
The property is located at 2028 Highway 92 Springfield, AR.
What is the asking price?
The asking price for this property is $126,000.
What are key features of this property?
This property features: 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.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2028 Highway 92
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message