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113 W Pershing Blvd

2,141 SF Retail Building North Little Rock, AR 72114 $1,500,000 ($701/SF) 5.18% Cap Rate

Retail Space Arkansas North Little Rock 113 W Pershing Blvd, North Little Rock, AR 72114

Investment Highlights

  • 13 Years Remaining on Ground Lease Annual Rent Increases of 1.5%
  • Interstate 40 Frontage with 90,000 VPD
  • Average Household Income of $81,197
  • 2,141 SF Building Built in 2017 on 1.05 Acre Lot
  • Three-Mile Population of 55,566

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day.
The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 13 years remaining on the ground lease with annual 1.5 percent rent increases.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,141 SF
Building Class
C
Year Built
2023
Price
$1,500,000
Price Per SF
$701
Cap Rate
5.18%
NOI
$77,647
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.05 AC
Zoning
C - Commercial

Links

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Nearby Major Retailers

Taco Bueno
Champs Chicken
Bank OZK
U.S. Bank
Bestway Rent-To-Own
Simmons Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 33N-209-03-001-01
  • 33N-209-03-001-00
 Improvements Assessment $462,476
Land Assessment $431,323 Total Assessment $893,799

PROPERTY TAXES

Parcel Numbers
Multiple
  • 33N-209-03-001-01
  • 33N-209-03-001-00
Land Assessment
$431,323
Improvements Assessment
$462,476
Total Assessment
$893,799
(972) 755-5279

Contact

  • Listing ID: 33475633

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 113 W Pershing Blvd, North Little Rock, AR 72114

More public record information on 113 W Pershing Blvd, North Little Rock, AR 72114

The Retail Property at 113 W Pershing Blvd, North Little Rock, AR 72114 is currently available for sale. Contact Marcus & Millichap for more information.

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113 W Pershing Blvd
(972) 755-5279 x

113 W Pershing Blvd

John Paine

(972) 755-5279

(972) 755-5279

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