Restaurant
Hooters
5101 N State Line Ave, Texarkana, TX 75503
Listing Price: $1,956,000
Cap Rate
7.50%
Tenant Name
Hooters
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
7,264
Lease Type
Absolute Net
Rent Per Square Feet
$20.20
Investment Overview
We're pleased to present the offering for Hooters in Texarkana, TX.
Hooters
Investment Highlights
- 7,264-square-foot freestanding restaurant situated on a large 1.31-acre lot, featuring a prominent pylon sign with excellent visibility along US Highway 71
- Absolute Net Lease | Tenant is responsible for property taxes, insurance, all repairs and maintenance, including full responsibility for roof repair and replacement
- Tenant reports above-average sales with strong cash flows and healthy operating margins, offering excellent support for lease renewal
- Tenant has operated at this location for 20 years | Approximately three years remaining on the current term, plus two additional five-year options that could extend the lease through 6/30/2043
- Positioned directly off US Highway 71, near the I-30 exit, benefiting from strong traffic counts of 26,000+ and 41,900+ VPD | Excellent accessibility from both directions along US Highway 71 and sits near a signalized four-way intersection, enhancing visibility and convenient ingress/egress
- Surrounded by a dense cluster of national brands, including Walmart Supercenter, Tractor Supply Co., Starbucks, Wendy's, McDonald's, Burger King, Taco Bell, Whataburger and more
- Less than 3 miles from Christus St. Michael Hospital,Texarkana's largest employer, with additional proximity to Texarkana Regional Airport (6 miles) and 3 miles to Downtown and Central Mall with 60+ stores
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $1,956,000
Cap Rate
7.50%
Tenant Name
Hooters
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
7,264
Lease Type
Absolute Net
Rent Per Square Feet
$20.20
Investment Highlights
- 7,264-square-foot freestanding restaurant situated on a large 1.31-acre lot, featuring a prominent pylon sign with excellent visibility along US Highway 71
- Absolute Net Lease | Tenant is responsible for property taxes, insurance, all repairs and maintenance, including full responsibility for roof repair and replacement
- Tenant reports above-average sales with strong cash flows and healthy operating margins, offering excellent support for lease renewal
- Tenant has operated at this location for 20 years | Approximately three years remaining on the current term, plus two additional five-year options that could extend the lease through 6/30/2043
- Positioned directly off US Highway 71, near the I-30 exit, benefiting from strong traffic counts of 26,000+ and 41,900+ VPD | Excellent accessibility from both directions along US Highway 71 and sits near a signalized four-way intersection, enhancing visibility and convenient ingress/egress
- Surrounded by a dense cluster of national brands, including Walmart Supercenter, Tractor Supply Co., Starbucks, Wendy's, McDonald's, Burger King, Taco Bell, Whataburger and more
- Less than 3 miles from Christus St. Michael Hospital,Texarkana's largest employer, with additional proximity to Texarkana Regional Airport (6 miles) and 3 miles to Downtown and Central Mall with 60+ stores
Investment Overview
We're pleased to present the offering for Hooters in Texarkana, TX.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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