Marcus & Millichap is pleased to offer the opportunity to acquire the fee-simple interest (land & building) in two prominent properties located in Jonesboro, AR and Bunkie, LA. Both businesses and properties were acquired by JAL Equity Corp. in 2022-2023 to enhance their E-Commerce and Signage capabilities. The Jonesboro location was formerly Master Marketing Group, but is now operating as Tshirts.com’s main location while the property in Bunkie, LA is still operating as Capital Signs & Awnings. Both play a vital role in JAL’s portfolio as their respectful division leaders (e-commerce & signage).
The Louisiana property is a large 88,675 sf building sitting on 4.26 acres along the main artery through the city (LA Hwy 71). Bunkie, LA is located in Central Louisiana about 50 miles north of Lafayette and 40 miles to the south of Alexandria, just east of I-49. Capital Signs & Awnings has been at this location for 20+ years and have expanded a few times to its present-day size. They are currently paying $4.32/SF, which represents only +/- 4% of revenue generated out of this property. This location serves a wide territory along the Southern US from Texas to Florida., and has a robust customer list for multiple brands including Bass Pro, Raising Cane’s, and Popeye’s. Beyond sign fabrication, they also have the heavy equipment to install & maintain signs throughout the region.
The tenant, CAPITAL SIGNS & AWNINGS, was founded in 2003 in Central Louisiana, and stands as a premier provider of signs and awnings throughout the South. As a multi-plant organization with a reputation for tackling complex installations, Capital Signs & Awnings provides comprehensive sign and awning services from Texas to Florida, earning the trust of a distinguished client base that includes some of the most recognizable companies in the United States.
This portfolio presents an opportunity to acquire two long-term, stable cashflow properties with above market rental increases of 3% per year at an average yearly yield of 9.88%.
Please note these properties can be acquired individually or together, but the Lease Terms are identical to simplify your underwriting purposes.
***FOR QUESTIONS & MORE INFO: Call or Email Ken Jacobsmeyer (314) 889-2514 Ken.Jacobsmeyer@MarcusMillichap.com***