Investment Highlights
0.63 Acre lot along HWY 49
Exposure to 15,000+ CPD
Absolute NNN lease with experienced restaurant operator
Sandwiched between Paragould High School and the largest intersection in Paragould
Surrounded by a healthy mix of new and well established restaurants / retailers
Executive Summary
Discover an exceptional opportunity with this absolute NNN Checkers property strategically positioned between twohigh-traffic signalized intersections.This location has exposure to more than 15,000 cars per day and is located between the largest signalized intersection inParagould and Paragould High School. This exciting property is also across the street from one of the top volume McDonald?s in the state. Located just a stone?s throw from Paragould High School, this site is surrounded by a vibrant mix ofbusinesses, restaurants and retailers. Several new developments have recently been added to the area including the FireStation, ARKids, and Slim Chickens. The dynamic community attracts a diverse range of customers to the area.This property is being offered as a sale-leaseback with an initial 15 year term and three, 5-year options. There will be a 5%rent increase every five years of th initial term and at each option. The property is being offered with an NOI of $133,000and a cap rate of 7.0%.The operator and franchisee is local and has a history of owning and operating successful restaurants and businesses.
