201 N Rock St - Fast Food FOR SALE


Sheridan, AR 72150
$1,936,000 USD
917-697-3215
201 N Rock St, Sheridan, AR for Sale
$1,936,000 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

201 N Rock St
Sheridan, AR 72150


HIGHLIGHTS

  • Long - Term NNN Lease
  • Corporate QSR Brand
  • Attractive Rent Growth
  • Strong Sales Reported

OVERVIEW

Surmount is pleased to present the exclusive listing for a Hardee's located at 201 Rock Street, Sheridan, AR 72150. The site consists of roughly 3,099 rentable square feet of building space on an estimated 1.03-acre parcel of land. Hardee's is subject to a 20.02-year Triple Net (NNN) lease, which commenced in April 2021. The current annual rent is $110,000 and is scheduled increase to $121,000 in April. Seller to credit any difference in rent at closing.

FOR SALE DETAILS

PRICE

$1,936,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

CG

APN/PARCEL ID

700-00041-000C

ASK ABOUT THIS PROPERTY

Anthony BirdSurmountMore Info
917-697-3215

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Anthony BirdSurmountMore Info
917-697-3215

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