304 Linwood Dr - Fast Food FOR SALE


Paragould, AR 72450
$1,773,333 USD
870-336-8000
304 Linwood Dr, Paragould, AR for Sale
$1,773,333 USD
Fast Food - FOR SALE
1/4
null | 7.5% Cap Rate

304 Linwood Dr
Paragould, AR 72450


HIGHLIGHTS

  • 0.63 Acre lot along HWY 49
  • Sandwiched between Paragould High School & the largest intersection in Paragould
  • Exposure to 15,000+ cars per day
  • Surrounded by a healthy mix of new & well established restaurants / retailers
  • Absolute NNN lease with experienced restaurant operator
  • Business Only Also For Sale @ $300,000

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,773,333 USD

PRICE/SF

$1,832 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15-YEAR ABSOLUTE NNN SALE-LEASEBACK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C-1

APN/PARCEL ID

1453-00026-000

ASK ABOUT THIS PROPERTY

Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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