607 E 51St St, Texarkana, AR 71854
For Sale
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This exceptional restaurant property, located at 607 E 51st St, Texarkana, AR 71854, presents a lucrative investment opportunity. Built in 2013, this 5,032 square foot establishment sits on a 1.52-acre lot and boasts a prime location with excellent visibility facing Interstate 30, ensuring high traffic volume. The property is currently available for lease under a triple-net (NNN) lease agreement with a term of 3 years at a monthly rate of $6,500. The asking price for the entire property is $1,500,000, translating to $298.09 per square foot. Ample parking is available for patrons and staff. This turnkey restaurant offers a strong foundation for continued success, benefiting from its established presence in a high-traffic area and convenient access from I-30. The property's size and location make it ideal for a variety of restaurant concepts. The building's 2013 construction ensures modern amenities and efficient operations. This is a rare opportunity to acquire a well-positioned restaurant property in a thriving market. Serious inquiries are encouraged.
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Chilango’s Mexican Restaurant Restaurant
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
Similar Nearby for Lease
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.