About This Restaurant
Investment Highlights
Like-New Construction Along a Strong North / South Highway Bonus Depreciation Benefits Surrounded by Rooftops Strong Market
Executive Summary
This Sale-Leaseback has been completely remodeled and uniquely serves a pocket of significantrooftops with little-to-no C-store or restaurant competition. This investment opportunity is locatedin the strong Jonesboro market. Situated along HWY 141 on the North side of Jonesboro, thislocation will experience solid traffic counts from traffic heading in and out of Jonesboro.This facility will be a staple for C-store and restaurant business in North Jonesboro for a long time.The area is significantly underserved and this new project services and fills a gap that has been inthis pocket of Jonesboro for quite some time.
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 4,500
- Building Class C
- Year Built 2006
- Price 2,850,000
- Price Per SF 633
- Cap Rate 6.50
- NOI 185,250
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.40 AC
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
Parcel Number | 01-144071-01900 | Improvements Assessment | $12,176 |
Land Assessment | $30,532 | Total Assessment | $42,708 |
Date Created: | 2024-07-16 04:09:19 | Last Updated: | 2024-07-16 04:09:19 |
Address: | 2028 N Church St , Jonesboro, Arkansas, 72401 |