P66 Gas Station – Texarkana, AR

Phillips 66
2324 N State Line Ave, Texarkana, AR 71854, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,524 SF Phillips 66 Net Lease Gas Station Absolute NNN located at 2324 North State Line in Texarkana, AR. This deal includes a corporate guaranteed Absolute Triple Net (NNN) investment with approximately 18 years remaining on the lease, offering long-term stability for the investor.

  • Corporate guaranteed Absolute Triple Net (NNN) investment with approximately 18 years remaining on the lease.
  • Recently renovated, featuring new gas pumps, a new canopy, and upgraded signage reflecting modern Phillips 66 branding.
  • Prime location in the heart of Texarkana, strategically positioned for optimal accessibility and convenience.
  • High-traffic area, located off State Line Avenue, which sees approximately 22,000 VPD, enhancing visibility and customer access.
  • Surrounded by national tenants, including Walmart, Sonic, Starbucks, Pizza Hut, and more, driving significant foot traffic to the area.
  • Proximity to key amenities, situated within a mile of numerous hospitality options, CHRISTUS Health facilities, and Texarkana Regional Airport.
  • Strong bonus depreciation benefits, as gas stations offer substantial bonus depreciation opportunities. Consult your CPA for details.

 

In Cooperation With Sands Investment Group Arkansas, LLC – Lic. #PB00085157 BoR: Andrew Ackerman – Lic. AR #PB00085157

Price

$1,342,452

Cap Rate

7.75%

PREMISES

2,524 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

01/31/2044

Lease Type

Absolute NNN

RENTAL INCREASES

2% Annually

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch