15 YEAR ABSOLUTE NNN SALE-LEASEBACK 1498 Red Wolf Blvd

1498 Red Wolf Blvd , Jonesboro, Arkansas, 72401 | 952 sq.f | $ 1,600,000

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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