Discover an exceptional opportunity with this absolute NNN Checkers property strategically positioned between two high-traffic signalized intersections.
This location has exposure to more than 15,000 cars per day & is located between the largest signalized intersection in Paragould & Paragould High School. This exciting property is also across the street from one of the top volume McDonald’s in the state. Located just a stone’s throw from Paragould High School, this site is surrounded by a vibrant mix of businesses, restaurants & retailers. Several new developments have recently been added to the area including the Fire Station, ARKids, & Slim Chickens. The dynamic community attracts a diverse range of customers to the area.
This property is being offered as a sale-leaseback with an initial 15 year term & three, 5-year options. There will be a 10% rent increase every five years of the initial term and at each option. The property is being offered with an NOI of $133,000 & a cap rate of 7.5%.
The operator & franchisee is local and has a history of owning & operating successful restaurants & businesses.