2028 Hwy 92, Springfield, AR 72157-9512
This 3,612 square foot gas station and convenience store is available for lease in Springfield, Arkansas. Located at 2028 Highway 92, this property boasts a prime location at the intersection of Highways 92 and 124, offering excellent ingress and egress with multiple access points. The property sits on a 5.84-acre lot and enjoys 100% occupancy. This single-tenancy retail space has a long-term operating history of 15+ years, serving the community and benefiting from limited competition as the only gas station connecting Hill Creek to Springfield and Damascus. The asking price is $126,000, with a price per square foot of $34.88. The lease is an Absolute NNN with a 2% annual rent bump. This presents an excellent value-add opportunity with an open fuel supply. The property benefits from proximity to numerous national tenants including McDonald's, Arby's, Culver's, Subway, KFC, and Walgreens, ensuring high visibility and customer traffic. This is a strong investment opportunity for an owner/user seeking a well-established business in a thriving location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.