113 W Pershing Blvd - Fast Food FOR SALE


North Little Rock, AR 72114
$1,500,000 USD
972-755-5279
113 W Pershing Blvd, North Little Rock, AR for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/1
null | 5.18% Cap Rate

113 W Pershing Blvd
North Little Rock, AR 72114


HIGHLIGHTS

  • 13 Years Remaining on Ground Lease Annual Rent Increases of 1.5%
  • 2,141 SF Building Built in 2017 on 1.05 Acre Lot
  • Interstate 40 Frontage with 90,000 VPD
  • Three-Mile Population of 55,566
  • Average Household Income of $81,197

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day. The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 13 years remaining on the ground lease with annual 1.5 percent rent increases.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$672 USD /SF

CAP RATE

5.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C

APN/PARCEL ID

33N-209-03-001-00,33N-209-03-001-01

ASK ABOUT THIS PROPERTY

John PaineMarcus & MillichapMore Info
972-755-5279

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John PaineMarcus & MillichapMore Info
972-755-5279

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