1498 Red Wolf Blvd - Fast Food FOR SALE


Jonesboro, AR 72401
$1,493,333 USD
870-336-8000
1498 Red Wolf Blvd, Jonesboro, AR for Sale
$1,493,333 USD
Fast Food - FOR SALE
1/4
null | 7.5% Cap Rate

1498 Red Wolf Blvd
Jonesboro, AR 72401


HIGHLIGHTS

  • Along Main Thoroughfare in Northeast Arkansas
  • 15-Year NNN Lease
  • Personal Guarantor
  • Owner Operator Store
  • Located 1/4 Mile From Arkansas State University
  • Business Only Also For Sale @ $300,000

OVERVIEW

This newly constructed freestanding Checkers is located directly on the highly coveted Red Wolf Blvd. in Jonesboro, AR lending it exposure to more than 41,000 cars per day. This site has excellent access with access points at both Red Wolf Blvd. & Nettleton Ave. The property is surrounded by other major retailers & restaurants that include Target, Chili’s, Slim Chickens, Olive Garden, Buffalo Wild Wings, Popeye's, Jimmy John’s, & many others located on the main Red Wolf Blvd. artery. This property is being offered as a sell-leaseback with an initial 15-year term & three, 5-year options. There will be a 10% rent increase every five years of the initial term & at each option. The property is being offered with an NOI of $112,000 / YR & a cap rate of 7.50%. The operator & franchisee is local and has a history of owning successful restaurants. He also owns other real estate & business operations.

FOR SALE DETAILS

PRICE

$1,493,333 USD

PRICE/SF

$1,569 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15-YEAR ABSOLUTE NNN SALE-LEASEBACK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-3

APN/PARCEL ID

01-144283-04900

ASK ABOUT THIS PROPERTY

Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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