101 Texas StHoxie, AR 72433

Property Details for 101 Texas St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.00 AC

Property size (Sq ft)

8,370 SF

Property type

Retail properties

Property subtype

Strip malls

APN

740-00064-000-C

APU

74000064000C

Description

This exceptional investment opportunity presents an 8,370 square foot, Citgo-branded convenience store and gas station located at 101 SW Texas Street in Hoxie, Arkansas. The property boasts a strong 8.00% cap rate and a substantial 17.9 years remaining on a triple net (NNN) lease, commencing October 1, 2022, and expiring October 1, 2042. The lease includes four 5-year renewal options, providing long-term stability and predictable income. Annual rent increases of 2% protect against inflation and ensure consistent growth in property value. The tenant is responsible for all property expenses, including taxes, insurance, and maintenance, minimizing landlord responsibilities. The property's strategic location on Southwest Texas Street, a high-traffic area with over 8,000 vehicles daily, ensures excellent visibility and accessibility. The surrounding area features numerous national retailers, including McDonald's, O'Reilly Auto Parts, Walmart, Tractor Supply, Dollar General, and Family Dollar, further enhancing the property's desirability and potential for continued success. The asking price is $600,000, translating to a price per square foot of $71.68. The current Net Operating Income (NOI) stands at $48,000. This is a turnkey investment ideal for passive income seekers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,812,410

  6.5%

  $2,596,071

  7%

  $2,410,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,644,364

  Geo Method

  $1,644,364

• Alternative Use

  Use

  Valuation

  Residential

  $2,189,883

  Hospitality

  $2,005,921

  Educational

  $1,668,903

  Medical

  $1,726,299

  Retail

  $2,596,071

Location Insight

City

Hoxie

County

Lawrence

State

Arkansas

Latitude

36.052

Longitude

-90.9737

Property Tax & Assessments

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