15617 Chenal Pky - Convenience Store FOR SALE


Little Rock, AR 72211- Rock Creek
$7,222,715 USD
720-604-2220
15617 Chenal Pky, Little Rock, AR for Sale
$7,222,715 USD
Convenience Store - FOR SALE
1/4
null | 5.05% 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. 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

$7,222,715 USD

PRICE/SF

$1,267 USD /SF

CAP RATE

5.05%

% 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.