Beef-A-Roo 1111 US-62

Fortis Net Lease is pleased to present a free-standing Beef-A-Roo located in Harrison, AR. Rocinante Equity, Inc. recently signed a new 20-year lease which commenced on October 2022. The absolute NNN lease will require zero landlord responsibilities and 2% annual rent increases to hedge against inflation. In 2021 Beef-A-Roo reported that it's legacy/corporate stores in Illinois approached $2.9m in annual sales! At full list price, after factoring in the annual rent bumps, a new owner will receive an average unlevered annual return of 9% over the next 19 years. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC. The lease is guaranteed by Rocinante Equity, Inc., a Texas Corporation, doing business as Elysian Capital and Jeffrey Love, personally.