5701 Olive - Freestanding FOR SALE


Pine Bluff, AR 71603
$7,113,000 USD
480-221-4221
5701 Olive, Pine Bluff, AR for Sale
$7,113,000 USD
Freestanding - FOR SALE
1/8
null | 4.5% Cap Rate

5701 Olive
Pine Bluff, AR 71603


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong National/Credit Tenants | Dense Retail Trade Area | New Construction | Nov. 2023 Grand Opening | Drive-Thru Equipped
  • Signalized, Hard Corner Intersection | Heavily Traveled Corridor | Jefferson Regional Hospital (290 beds)
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, Chick-fil-A investment property located in Pine Bluff, Arkansas. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in November of 2023, the site will feature a modern design and first-class amenities. BAILEY BENSON Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758 AR License No. SA00072817

FOR SALE DETAILS

PRICE

$7,113,000 USD

PRICE/SF

$1,438 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | New 15yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

General Commercial

APN/PARCEL ID

931-79445-003

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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