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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
Restaurant
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

Fazoli's
Regions Bank
Simmons Bank
Bonanza Steakhouse
Centennial Bank
Anytime Fitness
Scooter's Coffeehouse
Huddle House
Rent-a-center
Chili's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1001-01210-007
Land Assessment
£49,147
Improvements Assessment
£117,735
Total Assessment
£166,881
  • Listing ID: 33675436

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 1606 W Kingshighway, Paragould, AR 72450

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