About This Restaurant
Investment Highlights
Like-New Construction Neighboring Brookland Schools, The fastest growing school district in Arkansas Bonus Depreciation Benefits Surrounded by New Residential Developments Located Within a Strong Growth Market
Executive Summary
This Sale-Leaseback presents a lucrative investment opportunity in a rapidly expanding market. Thissite sits along HWY 49B next to one of the fastest growing school districts in Arkansas.The C-store and restaurant combination is surrounded by new residential and commercialdevelopment. Brookland is experiencing significant growth with hundreds of residential unitsplanned for development, multiple commercial projects underway, a 40 acre site which the city iscurrently under construction on to build a new city park, and both McDonald?s and Harps GroceryStore are approaching an opening soon.This facility will be a staple for C-store and restaurant business in Brookland, AR for a long time.The wind is behind it?s sails and this experienced operates several C-stores and restaurants.
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Service Station Service Station General Retail Convenience Store General Retail Restaurant Service Station
- Building Size 2,828
- Building Class B
- Year Built 2006
- Price 2,600,000
- Price Per SF 919
- Cap Rate 7
- NOI 182,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.32 AC
Property Taxes
| Parcel Number | 11-155203-03800 | Improvements Assessment | $25,402 |
| Land Assessment | $68,479 | Total Assessment | $93,881 |
| Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
| Address: | 801 N Holman St , Brookland, Arkansas, 72417 | ||