3861 E. U.S. Highway 421 - Restaurant FOR SALE


Siloam Springs, AR 72761
$2,243,000 USD
949-506-2009
3861 E. U.S. Highway 421, Siloam Springs, AR for Sale
$2,243,000 USD
Restaurant - FOR SALE
1/9
null | 5.35% Cap Rate

3861 E. U.S. Highway 421
Siloam Springs, AR 72761


HIGHLIGHTS

  • Brand-New 10-Year Lease | Corporate Guaranteed Ground Lease | Options To Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • 183,000+ SF Walmart Supercenter | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The lease is Corporate Guaranteed by Brinker Restaurant Corporation which currently operates 365 restaurant locations • The tenant, Chili’s, recently signed a brand-new 10 year lease with 4 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period

FOR SALE DETAILS

PRICE

$2,243,000 USD

PRICE/SF

$395 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Chili's | Corp Guaranty | Strong Corridor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

Commercial

APN/PARCEL ID

03-04292-000

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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