1606 W Kingshighway - Restaurant FOR SALE


Paragould, AR 72450
$1,700,000 USD
502-442-7079
1606 W Kingshighway, Paragould, AR for Sale
$1,700,000 USD
Restaurant - FOR SALE
1/9
null | 6.5% Cap Rate

1606 W Kingshighway
Paragould, AR 72450


HIGHLIGHTS

  • Brand New 20-Year Lease at COE | Annual Rental Increases | Growing Operator | Absolute NNN | Fee Simple Ownership
  • U.S. Highway 412 (22,000 VPD) | Excellent Visibility & Access | Strong Tenant Synergy | Very Close To Neighborhood Centers
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, will sign a brand new 20-year lease with 4 (5-year) options to extend at the close of escrow, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$708 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | New 20yr Abs NNN w/ Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

1001-01210-007

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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