1111 US-62 - Fast Food FOR SALE


Harrison, AR 72601
$2,805,000 USD
248-254-3406
1111 US-62, Harrison, AR for Sale
$2,805,000 USD
Fast Food - FOR SALE
1/4
null | 9% Cap Rate

1111 US-62
Harrison, AR 72601


HIGHLIGHTS

  • New 20 Year Absolute NNN Lease
  • 2% Annual Rent Increases
  • Over $11,500 in Sales On Very First Day Open
  • 10-mile Population: 30,325
  • Average Household income: $65,476
  • Recently Remodeled-to-Suit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,805,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beef-A-Roo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C-1

APN/PARCEL ID

825-00177-501C

ASK ABOUT THIS PROPERTY

Robert BenderFortis Net LeaseMore Info
248-254-3406

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Robert BenderFortis Net LeaseMore Info
248-254-3406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.