15 YEAR ABSOLUTE NNN SALE-LEASEBACK 2028 N Church St

2028 N Church St , Jonesboro, Arkansas, 72401 | 4,500 sq.f | $ 2,850,000

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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