Arby's | New 20yr Abs NNN w/ Annual Increases | 1606 W Kingshighway
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Arby's | New 20yr Abs NNN w/ Annual Increases 1606 W Kingshighway
2,400 SF Retail Building Paragould, AR 72450 £1,451,760 (£605/SF) 6.25% Net Initial Yield
Investment Highlights
- Brand New 20-Year Lease at COE | Annual Rental Increases | Growing Operator | Absolute NNN | Fee Simple Ownership
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
- U.S. Highway 412 (22,000 VPD) | Excellent Visibility & Access | Strong Tenant Synergy | Very Close To Neighborhood Centers
Executive Summary
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, will sign a brand new 20-year lease with 4 (5-year) options to extend at the close of escrow, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
2016
Price
£1,451,760
Price Per SF
£605
Net Initial Yield
6.25%
NOI
£90,735
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.65 AC
Zoning
Neighborhood Commercial
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1001-01210-007 | Improvements Assessment | £117,735 |
Land Assessment | £49,147 | Total Assessment | £166,881 |
PROPERTY TAXES
Parcel Number
1001-01210-007
Land Assessment
£49,147
Improvements Assessment
£117,735
Total Assessment
£166,881
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Arby's | New 20yr Abs NNN w/ Annual Increases | 1606 W Kingshighway
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