About This Restaurant
Investment Highlights
Investment Grade Tenant (S&P: BBB+) New Construction (Commenced in June 2023) One of two stand-alone Starbucks locations in Benton, AR ?9.1 years of term remaining with 7.5% rent increases in year 6 and in each of the four 5-year renewal options. 20 Miles to Little Rock, AR via I-30 (92,000 VPD)
Executive Summary
CBRE is pleased to exclusively offer for sale the 2,225-square-foot Starbucks situated on 0.91 acres in Benton, AR?a component of Little Rock?North Little Rock?Conway, AR MSA (Population: 750,936). Commenced in June 2023, Starbucks? net lease features ?9.1 years of term remaining with 7.5% rent increases in year 6 and in each of the four 5-year renewal options.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant
- Building Size 2,225
- Building Class C
- Year Built 2023
- Price 2,521,739
- Price Per SF 1,133
- Cap Rate 5.75
- NOI 145,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.91 AC
Amenities
- Freeway Visibility
- Signage
Nearby Amenities & Transportation
| Retail | Rent-A-Center | ||
| Retail | Bank OZK | ||
| Retail | Mazzio's | ||
| Retail | Simmons Bank | ||
| Retail | First Security Bank | ||
| Retail | Kroger | ||
| Retail | Applebee's | ||
| Retail | Regions Bank | ||
| Retail | Arvest Bank | ||
| Retail | Bestway Rent-To-Own |
Property Taxes
| Parcel Number | 800-30100-014 800-30100-001 | Improvements Assessment | $325,400 |
| Land Assessment | $1,077,193 | Total Assessment | $1,402,593 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 17332 I-30 W Service Rd , Benton, Arkansas, 72015 | ||