723 Parker Rd - Fast Food FOR SALE


Jonesboro, AR 72401
$2,975,000 USD
502-442-7079
723 Parker Rd, Jonesboro, AR for Sale
$2,975,000 USD
Fast Food - FOR SALE
1/9
null | 6.5% Cap Rate

723 Parker Rd
Jonesboro, AR 72401


HIGHLIGHTS

  • 100% Occupied | End Cap Drive-Through Access | Sale Lease Back | Options To Extend | NNN Leases
  • Outparcel to a Home Depot | Adjacent to a Walmart Supercenter | Excellent Visibility and Access | Nearby National/Credit Tenants
  • 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 a 100% occupied 4-tenant strip retail investment property located in Jonesboro, Arkansas. The anchor tenant, Arby’s agrees to sign a brand new 20-year lease with 4 (5-year) options at the end of the escrow. Arby’s operator is growing in the Arby’s system, and currently operates 7 restaurants. Arby’s also features a drive-through, providing easy and convenient access for customers. All leases are NNN in nature with limited landlord responsibilities, limiting expense leakage for a future investor and making it an ideal, low-management investment opportunity.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$451 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C-3

APN/PARCEL ID

01-144311-00804

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.