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15-YEAR ABSOLUTE NNN SALE-LEASEBACK 2028 N Church St

4,500 SF Retail Building Jonesboro, AR 72401 £1,951,325 (£434/SF) 7.50% Net Initial Yield

Investment Highlights

  • Like-New Construction
  • Along a Strong North / South Highway
  • Bonus Depreciation Benefits
  • Surrounded by Rooftops
  • Strong Market
  • Business Only Also For Sale @ $350,000

Executive Summary

This Sale-Leaseback has been completely remodeled & uniquely serves a pocket of significant rooftops with little-to-no C-store or restaurant competition. This investment opportunity is located in the strong Jonesboro market. Situated along HWY 141 on the North side of Jonesboro, this location will experience solid traffic counts from traffic heading in & out of Jonesboro.
This facility will be a staple for C-store & restaurant business in North Jonesboro for a long time. The area is significantly underserved & this new project services & fills a gap that has been in this pocket of Jonesboro for quite some time.

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Service Station
Building Size
4,500 SF
Building Class
C
Year Built/Renovated
2006/2023
Price
£1,951,325
Price Per SF
£434
Net Initial Yield
7.50%
NOI
£146,349
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
1.40 AC
Zoning
C-3
Frontage
200 ft on N. Church St.

Amenities

  • Bus Route
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Southern Chef
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Southern Chef Retailer 99,999 SF - Lorem Ipsum -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-144071-01900
Land Assessment
£9,619
Improvements Assessment
£62,230
Total Assessment
£71,849
  • Listing ID: 30780267

  • Date on Market: 25/01/2024

  • Last Updated:

  • Address: 2028 N Church St, Jonesboro, AR 72401

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