Janet Drive & JoAnne St - Retail FOR SALE


Searcy, AR 72143
$3,455,000 USD
480-221-4221
Janet Drive & JoAnne St, Searcy, AR for Sale
$3,455,000 USD
Retail - FOR SALE
1/4
null | 5.5% Cap Rate

Janet Drive & JoAnne St
Searcy, AR 72143


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Searcy City Center | Highly Trafficked Corridor | Harding University (4,500+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Lease is corporate signed by Cheddar’s Casual Cafe Inc. • Recently signed 10-year lease with 4 (5-year) option periods to extend • Features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$3,455,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cheddar's | New 10yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

132

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

C-4

APN/PARCEL ID

016-03019-371

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 Notice.