Over 10.5 years remaining on the absolute NNN ground lease that calls for 8.0% fixed rent increases every 5 years. Newly constructed in 2019, the tenant is an experienced Freddy's franchisee who picked this location because its situated at the corner of a highly visible signalized intersection and is a pad to a Wal Mart Supercenter. The +/-3,145 sq. ft. restaurant is situated on .84 acres of land with abundant on-site parking of 38 spaces. The city of Hot Springs, Arkansas enjoys a city population of 37,971 that grows during the summer months with tourists due to popular attractions such as Hot Springs National Park famous for their historic thermal bath. Lake Ouachita State Park consisting of 40,000 acres for boating fishing, and hiking, along with Lake Hamilton (7,200 acres of surface area) that is home to resorts, vacation rentals and water activities. Oaklawn Racing Casino is also located in Hot Springs featuring both thoroughbred racing and casino gambling.