1606 W Kingshighway - Restaurant FOR SALE


Paragould, AR 72450
$2,120,000 USD
480-221-4221
1606 W Kingshighway, Paragould, AR for Sale
$2,120,000 USD
Restaurant - FOR SALE
1/9
null | 6.25% Cap Rate

1606 W Kingshighway
Paragould, AR 72450


HIGHLIGHTS

  • 19+ Years Remaining | Annual Rental Increases | Growing Operator | Absolute NNN | Ground Lease
  • U.S. Highway 412 (22,000 VPD) | Excellent Visibility & Access | Strong Tenant Synergy | Very Close To Neighborhood Centers
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, has over 19 years remaining in the initial lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.0% annual rental increases starting in August 2032 and continuing throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.

FOR SALE DETAILS

PRICE

$2,120,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Arby's | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

1001-01210-007

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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