About This Restaurant
Investment Highlights
? Along Main Thoroughfare in Northeast Arkansas ? Personal Guarantor ? Located 1/4 Mile From Arkansas State University ? 15 Year NNN Lease ? Owner Operator Store
Executive Summary
This newly constructed freestanding Checkers islocated directly on the highly coveted Red Wolf Blvd.in Jonesboro, AR lending it exposure to more than41,000 cars per day. The property is surrounded byother major retailers and restaurants that includeTarget, Chili?s, Slim Chickens, Olive Garden,Buffalo Wild Wings, Popeyes, Jimmy John?s, newCarwash Development, and many others located onthe main Red Wolf Blvd artery. It is located alongJonesboro?s primary thoroughfare between the exitI-555 and Arkansas State University.This property is being offered as a sale-leasebackwith an initial 15 year term and three, 5-yearoptions. There will be a 5% rent increase every fiveyears of the initial term and at each option. Theproperty is being offered with an NOI of $112,000and a cap rate of 7.00%.The operator and franchisee is local and has a historyof owning successful restaurants and businesses.
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 952
- Building Class B
- Year Built 2019
- Price 1,600,000
- Price Per SF 1,681
- Cap Rate 7
- NOI 112,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 0.50 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Corner Lot
- Drive Thru
Nearby Amenities & Transportation
Retail | Wingstop | ||
Retail | Walmart Neighborhood Market | ||
Retail | Buffalo Wild Wings | ||
Retail | Starbucks | ||
Retail | Regions Bank | ||
Retail | Olive Garden | ||
Retail | Orangetheory Fitness | ||
Retail | Cheddar's Scratch Kitchen | ||
Retail | Five Guys | ||
Retail | Centennial Bank |
Property Taxes
Parcel Number | 01-144283-04900 | Improvements Assessment | $86,397 |
Land Assessment | $194,591 | Total Assessment | $280,988 |
Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
Address: | 1498 Red Wolf Blvd , Jonesboro, Arkansas, 72401 |