5101 State Line Ave Texarkana, TX 75503-2957

Property Details for 5101 State Line Ave

Year built

1979

Lot size

1.31 lot acres

Property size

7,313 SF

Property type

Commercial real estate

APN

39352

APU

39352

Description

This exceptional investment opportunity presents a fee-simple interest in a ±7,313 square foot Hooters restaurant located at 5101 N State Line Ave, Texarkana, TX 75503. Situated on a 1.32-acre lot with 131 parking spaces, this property boasts a prime location on the Texas-Arkansas border, benefiting from high visibility and accessibility to a combined metropolitan area population exceeding 150,000. The building, constructed in 1979 and renovated in 2014, is currently operating under a 15-year Absolute NNN lease with a remaining term of four years and three (5) year option periods. The lease features 10% rent increases every five years, ensuring consistent income growth. The property's strong performance is reflected in its 8.75% cap rate and a Net Operating Income (NOI) of $205,207. The asking price is $2,345,222, translating to a price per square foot of $320.69. The property is zoned COMMERCIAL and benefits from the tenant's strong national brand recognition and a stable, diverse customer base. This is a rare opportunity to acquire a well-performing, single-tenant net-leased property in a tax-free state with significant long-term potential. The property's strategic location and favorable lease terms provide investors with a secure and lucrative investment opportunity. The tenant is responsible for all property expenses, including taxes, insurance, and maintenance, minimizing landlord responsibilities.

Location Insight

City

Texarkana

County

Bowie

State

Texas

Longitude

-94.0443

Latitude

33.4677

CBSA code

45500

CBSA name

TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments