15617 Chenal Pky - Convenience Store FOR SALE


Little Rock, AR 72211- Rock Creek
$7,082,485 USD
720-604-2220
15617 Chenal Pky, Little Rock, AR for Sale
$7,082,485 USD
Convenience Store - FOR SALE
1/3
null | 5.15% Cap Rate

15617 Chenal Pky
Little Rock, AR 72211
Rock Creek


HIGHLIGHTS

  • Located in Little Rock, the most populated city in Arkansas and state capital
  • Qualifies for 100% Bonus Depreciation (consult with your CPA)
  • Long-term lease with 13+ years remaining
  • Positioned at a hard corner and signalized intersection along Chenal Parkway, the main east-west thoroughfare in the area
  • Affluent area with average annual household incomes exceeding $154,000 within one mile
  • Ranked in the top 5% for all gas stations within 15-miles and top 8% for all gas stations in Arkansas and United States (Placer.ai)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant Maverik property located in Little Rock, AR. The Maverik property is positioned approximately 9 miles west of Downtown Little Rock in an extremely affluent area. The surrounding area boasts average annual household income of $154,000+ within one mile. The property is located at the hard corner and signalized intersection of Chenal Parkway & Wellington Hills Rd. This store ranks exceptionally well on Placer.ai as its in the top 5% for all gas stations within 15-miles and top 8% for all gas stations in Arkansas and the United States. The property features a long-term lease with over 13 years remaining. The absolute triple net lease has no landlord responsibilities and 7.5% rental increases every five years throughout the primary term. Kum & Go/Maverik is an industry leading convenience store chain, and they have over 840 locations in 21 states. The property qualifies for 100% Bonus Depreciation. Investors are advised to consult with their CPAs.

FOR SALE DETAILS

PRICE

$7,082,485 USD

PRICE/SF

$1,243 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maverik

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

44L-075-08-001-00

ASK ABOUT THIS PROPERTY

Zach WrightThe Boulder GroupMore Info
720-604-2220

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Zach WrightThe Boulder GroupMore Info
720-604-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.