4210 State Line Ave Texarkana, AR 71854-1024
- Auto shops
- 1,431 SF
- 0.66 lot acres
Jan 14, 2025
Current Use by Public Records
- Take 5 Oil Change / Oil Change Service
Property Details for 4210 State Line Ave
- Year built
- 1965
- Construction
- FRAME
- Lot size
- 0.66 lot acres
- Property size
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,295,000
- ML approach
- $1,325,000
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Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Longitude
- -94.0425
- Latitude
- 33.4651
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA
