7501 Rogers Ave - Fast Food FOR SALE
Fort Smith, AR 72903 |
$5,750,000 USD
703-477-1315
7501 Rogers Ave
Fort Smith, AR 72903
HIGHLIGHTS
- Absolute NNN Lease with Renewal Options
- Proven Location | Ranks Among the Top 37% Raising Cane's Stores Nationwide & theTop 38% in Arkansas
- Limited Competition | Nearest Raising Cane's Locations are in Fayetteville, AR (57 miles), Broken Arrow, OK (107 miles) and Conway, AR (128 miles)
- Located Less Than 5 Miles from Downtown Fort Smith | Positioned Along Rogers Avenue (45,000 VPD) | Roughly 1 Mile East of I-540 (56,000 VPD)
- Adjacent to Olive Garden, Red Lobster & Residence Inn (78 Rooms)
- 200 FT West of a Shopping Center with JOANN, Cavender’s Western Outfitter, Galaxy Home Recreation, Spartan Adventure Park, Dollar Tree, and Aaron’s.
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 3,340-square-foot Raising Cane's asset situated on 0.82 acres in Fort Smith, Arkansas (MSA Population: 228,957+). Commenced in 2019, Raising Cane’s absolute NNN lease features ±9.7 years of term remaining with a 4.00% rent increase in 2029, a 6.45% increase in the first 5-year option, and 8.00% increases in the four 5-year options thereafter.
FOR SALE DETAILS
PRICE
$5,750,000 USD
PRICE/SF
$1,722 USD /SF
CAP RATE
5.41%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
C
APN/PARCEL ID
17850-0002-00000-00
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703-477-1315
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703-477-1315
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