3812 Massard Rd - Fast Food FOR SALE


Fort Smith, AR 72903- Fort Smith Eastside
$4,495,000 USD
913-956-5817
3812 Massard Rd, Fort Smith, AR for Sale
$4,495,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

3812 Massard Rd
Fort Smith, AR 72903
Fort Smith Eastside


HIGHLIGHTS

  • 16.6 Year Absolute NNN Lease
  • New Construction - October 2022
  • Zero Landlord Responsibilities
  • 1% Annual Increases Including Option Periods
  • 1 Mile Average Household Income exceeds $104,000
  • Population is more than 70,000 People within a 5 Mile Radius

OVERVIEW

NAI Heartland is pleased to present a free-standing Whataburger located in Fort Smith, Arkansas. The tenant, Whataburger (WAB Venture, an affiliate of K Mac Enterprises) signed a brand new 20-year lease which will expire in September 2042. The Absolute NNN lease will require zero landlord responsibilities and features 1% annual rent increase to hedge against inflation. These rent escalations are also included in the six, five-year option periods. WAB Venture is currently expanding and operates ±20 locations at the end of 2025 and intends to build a total of 40 locations over the next few years. This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures, including the roof, structure & HVAC.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

Commercial

APN/PARCEL ID

12109-0002-00000-00

ASK ABOUT THIS PROPERTY

Brandon HeckNAI HeartlandMore Info
913-956-5817

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Brandon HeckNAI HeartlandMore Info
913-956-5817

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