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5101 N State Line Ave
Texarkana, TX 75503
Hooters · Retail Property For Sale
Investment Highlights
- 7,264-square-foot freestanding restaurant situated on a large 1.31-acre lot, featuring a prominent pylon sign excellent visibility along US Highway 71
- Tenant reports above-average sales with strong cash flows and healthy operating margins, offering excellent support for lease renewal
- Positioned directly off US Highway 71, near the I-30 exit, benefitting from strong traffic counts of 26,000+ and 41,900+ VPD respectively
- Absolute net lease | Tenant is responsible for property taxes, insurance, all repairs and maintenance, including full responsibility for roof repair
- Tenant has operated location for 20 years and has approximately three years remaining on the current term, plus two additional five-year options
- Subject property is surrounded by a dense cluster of national brands, including Walmart Supercenter, Tractor Supply Co., Starbucks, Wendy’s, & More
Executive Summary
7,264 SF Hooters | 20 Year Historical Occupancy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,264 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$2,652,532 CAD
Price Per SF
$365.16 CAD
Cap Rate
7.50%
NOI
$198,959 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.32 AC
Zoning
C
Parking
120 Spaces (16.52 Spaces per 1,000 SF Leased)
Frontage
129’ on West 52nd Street
Property Taxes
| Parcel Number | 17500004900 | Improvements Assessment | $1,003,523 CAD |
| Land Assessment | $464,771 CAD | Total Assessment | $1,468,294 CAD |
Property Taxes
Parcel Number
17500004900
Land Assessment
$464,771 CAD
Improvements Assessment
$1,003,523 CAD
Total Assessment
$1,468,294 CAD
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