3760 East StTexarkana, AR 71854

Property Details for 3760 East St

Year built

2012

Lot size

1.12 AC

Property size (Sq ft)

9,217 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a single-tenant, 9,217 square foot Dollar General store located at 3760 East St, Texarkana, AR 71854. The property boasts a 7.25% cap rate and a strong NOI of $74,967. Built in 2012, this single-story building sits on a 1.12-acre lot and is zoned for commercial use. The current lease, a NNN (Net Lease) agreement with a corporate guarantee, has a remaining term of approximately 2.2 years, with three five-year renewal options, each including a 10% rent increase. The lease commenced on March 19, 2012, and is set to expire on January 21, 2027. The asking price is $1,034,040, translating to a price per square foot of $112.19. The property enjoys 100% occupancy and benefits from the tenant's successful operation since 2012. Furthermore, the location is attractive, with average annual household incomes exceeding $72,000 within a one-mile radius. This is a low-maintenance, high-return investment opportunity with a proven tenant and a desirable location. The property is a prime example of a secure, passive income stream.

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.3867

Longitude

-93.9996

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