737 Ar-463Trumann, AR 72472

Property Details for 737 Ar-463

Year built

1985

Property size (Sq ft)

1,700 SF

Property type

Investment properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a thriving gas station and accompanying land in Trumann, Arkansas, listed at $435,000. The property encompasses a 44,907 square foot lot, featuring a 1,700 square foot, single-story building constructed in 1985 and renovated in 2012. The building houses a well-established gas station with two double-sided pumps and fiberglass tanks replaced during the 2012 renovation. Currently operating at 100% occupancy, the business boasts a strong financial performance, generating a net operating income (NOI) of $32,400 annually. The current lease is a triple net (NNN) lease with a remaining term of approximately 0.4 years, expiring April 3rd, 2025, and includes a 5-year lease option. The business itself averages 4,000 gallons pumped monthly and achieves impressive inside sales of $45,000, contributing to a business NOI of $35,000. The sale includes both the property and the business, offering a compelling owner-user investment opportunity with a 7.45% cap rate and a price per square foot of $255.88. The property's strategic location on Highway 463 South in Trumann, Arkansas (zip code 72472) ensures high visibility and accessibility. Inventory is negotiable. This is a turnkey operation ideal for an owner-operator seeking a profitable venture with significant upside potential.

Location Insight

City

Trumann

County

Poinsett

State

Arkansas

Latitude

35.6826

Longitude

-90.5273

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