812 Southwest Dr. - Retail FOR SALE


Jonesboro, AR 72401
$1,773,333 USD
870-284-4448
812 Southwest Dr., Jonesboro, AR for Sale
$1,773,333 USD
Retail - FOR SALE
1/4
null | 7.5% Cap Rate

812 Southwest Dr.
Jonesboro, AR 72401


HIGHLIGHTS

  • New Construction - 2023
  • 15-Year ABSOLUTE NNN Lease - Zero LL Responsibilities
  • Strong Personal Guarantor
  • Owner Operator Store
  • Located Along Southwest Drive With Immediate Access to Interstate 555
  • Business Only Also For Sale @ $300,000

OVERVIEW

This newly constructed freestanding Checkers is located directly on Southwest Drive in Jonesboro, Arkansas lending it exposure to more than 20,000 cars per day. This site, located within Sushma Park, has multiple access points along Southwest Drive & Alexander Drive. The property is surrounded by major retailers & restaurants that include Outback Steakhouse, Lost Pizza Co., The Truck Patch, Domino's Pizza, & First National Bank. This NEW TO MARKET CHECKERS INVESTMENT PROPERTY is being offered as a sale-leaseback with an NOI of $133,000 / YR with a CAP rate of 7.50% along with an initial 15-year term with three (3), five (5) year options. There will be ten percent (10%) rental increase every five years of the initial term & at each exercised option period. The operator & franchisee is local & has a history of owning successful restaurants. He also owns other real estate & business operations.

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

NEW CONSTRUCTION 15-YR Absolute NNN Checkers

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C-3

APN/PARCEL ID

01-143254-15000

ASK ABOUT THIS PROPERTY

Zac QuallsHaag Brown CommercialMore Info
870-284-4448

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Zac QuallsHaag Brown CommercialMore Info
870-284-4448

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