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2080 N Washington St
Forrest City, AR 72335

Burger King · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,860 SF
Year Built/Renovated
2001/2017
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.98 AC

About 2080 N Washington St , Forrest City, AR 72335

LONG-TERM STABILIZED INVESTMENT • Long Term Lease – There are ± 16.5 years remaining on the original 20-year lease with two (2), 5-year options for the tenant to extend • Strong Hedge Against Inflation – There are 10% increases in rent every 5 years allowing properties to keep up with rising market rents • Attractive Tax Benefits – Ownership includes land and improvements, allowing owners to depreciate the improvements over a 39-year depreciation schedule • Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance EXCELLENT LOCATION IN STRONG RETAIL AREA • Located on Main State Highway – Located on Arkansas Highway 18 which sees 20,000 VPD and just off of US Highway 63 which sees 29,000 VPD • Strong Retail Corridor – Other national tenants in the immediate area include Walmart, KFC, Pizza Hut, Dollar Tree, Taco Bell, McDonald’s, and Walgreens, amongst others SEASONED OPERATOR OF AN EXCELLENT BRAND • Publicly Traded Company – Cambridge Franchise Holdings (“CFH”) was recently acquired by Burger King’s largest franchise operator, Carrols Corporation – Carrols is a publicly traded company with over $600 million in assets (2018) • Growth Focused Operator – With the addition of approximately 166 Burger Kings and 55 Popeyes, Carrols now operates over 1,000 stores in 20 states and plans to develop approximately 200 more BKs and 70 Popeyes over the next 6 years • World Renowned Brand – Burger King first opened in 1954 and today there are 15,000+ BK restaurants in over 100 countries

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0800-00211-0002
Land Assessment
£47,321
Improvements Assessment
£56,346
Total Assessment
£103,667
  • Listing ID: 14571041

  • Date on Market: 06/12/2018

  • Last Updated:

  • Address: 2080 N Washington St, Forrest City, AR 72335

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