Current Use by Public Records
- Retail properties & Spaces
Property Details for 737 Ar-463
- Year built
- 1985
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trumann
- County
- Poinsett
- State
- Arkansas
- Longitude
- -90.5273
- Latitude
- 35.6826
