4210 State Line AveTexarkana, AR 71854

Property Details for 4210 State Line Ave

Year built

1965

Construction

FRAME

Lot size

0.66 AC

Property size (Sq ft)

1,431 SF

Property type

Auto shops

APN

1070101

APU

1070101

Description

This exceptional investment opportunity features a brand-new (2023), 1,418 square foot Take 5 Oil Change located at 4210 N State Line Ave, Texarkana, AR 71854. The property sits on a 0.66-acre lot and is subject to a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC (operating over 3,500 units). The current annual net operating income (NOI) is $110,000, representing a strong 6.25% cap rate and a price per square foot of $1,241.18. The lease includes attractive annual rent increases of 1.50% starting in year two, providing consistent growth and long-term stability. Four, five-year tenant renewal options further enhance the investment's security. This single-tenant, net lease property offers a compelling combination of strong tenant creditworthiness, predictable cash flow, and significant long-term growth potential, making it an ideal addition to any diversified investment portfolio. The property's prime location in Texarkana, Arkansas ensures high visibility and accessibility for customers. This is a turnkey investment opportunity with minimal management requirements, offering a passive income stream for years to come. The asking price is $1,760,000.

• CAP approach

  CAP return

  Valuation

  6%

  $463,262

  6.5%

  $427,626

  7%

  $397,082

• Comparable approach

  Method

  Valuation

  Relative Method

  $527,437

  Geo Method

  $257,946

• Alternative Use

  Use

  Valuation

  Residential

  $360,719

  Hospitality

  $330,417

  Educational

  $274,903

  Medical

  $284,357

  Retail

  $427,626

Location Insight

City

Texarkana

County

Miller

State

Arkansas

Latitude

33.4651

Longitude

-94.0425

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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