723 E Parker Rd - Retail FOR SALE


Jonesboro, AR 72404
$2,334,000 USD
480-221-4221
723 E Parker Rd, Jonesboro, AR for Sale
$2,334,000 USD
Retail - FOR SALE
1/9
null | 7.57% Cap Rate

723 E Parker Rd
Jonesboro, AR 72404


HIGHLIGHTS

  • Brand New 20-Year Master Lease | End Cap Drive-Through Access | Absolute NNN Ground Lease | Established Sub-tenants
  • Outparcel to a Home Depot | Adjacent to a Walmart Supercenter | Excellent Visibility and Access | Nearby National/Credit Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an Arby’s master leased strip retail investment property located in Jonesboro, Arkansas. The tenant, Arby’s recently sign a brand new 20-year lease with 4 (5-year) options at the end of the escrow. Arby’s operator is growing in the Arby’s system, and currently operates 7 restaurants. Arby’s also features a drive-through, providing easy and convenient access for customers. The master lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,334,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

7.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's & Shops | New 20yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

C-3

APN/PARCEL ID

01-144311-00804

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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