About This Restaurant
Investment Highlights
Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed Strong National/Credit Tenants | Dense Retail Trade Area | New Construction | Nov. 2023 Grand Opening | Drive-Thru Equipped Strong Demographics in 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Signalized, Hard Corner Intersection | Heavily Traveled Corridor | Jefferson Regional Hospital (290 beds)
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, Chick-fil-A investment property located in Pine Bluff, Arkansas. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in November of 2023, the site will feature a modern design and first-class amenities.BAILEY BENSONDirector, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.comD: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758AR License No. SA00072817
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 4,947
- LoopNet Rating 4 Star
- Year Built 2023
- Price 7,113,000
- Price Per SF 1,438
- Cap Rate 4.50
- NOI 320,065
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 3.24 AC
Amenities
- Corner Lot
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 931-79445-003 | Improvements Assessment | $110 |
| Land Assessment | $0 | Total Assessment | $110 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 5701 Olive , Pine Bluff, Arkansas, 71603 | ||