3000 Pines Mall Dr - Restaurant FOR SALE


Pine Bluff, AR 71601
$1,561,988 USD
332-345-4222
3000 Pines Mall Dr, Pine Bluff, AR for Sale
$1,561,988 USD
Restaurant - FOR SALE
1/2
null | 8% Cap Rate

3000 Pines Mall Dr
Pine Bluff, AR 71601


HIGHLIGHTS

  • Long-term, Absolute Triple-Net (NNN) Lease
  • Strong Corporate Guarantee
  • Saracen Casino Resort
  • Robust Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 3000 Pines Mall Drive, Pine Bluff, AR 71601. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.21-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $124,959 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$1,561,988 USD

PRICE/SF

$383 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

931-53607-016

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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