1230 N Edgar St
5,400 SF 100% Leased Retail Building Fordyce, AR 71742 $1,000,000 ($185/SF) 7.51% Cap Rate
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INVESTMENT HIGHLIGHTS
- Built in 2015 with McDonald's Corporate Guarantee with 20 Year Initial Lease Term
- Only McDonald's within 15 Miles
- Situated on Large 3.9 Acre Lot
- McDonald’s has Right To Terminate After December 2025 with Advanced 6 Month Notice
- Co-tenant with AT&T, the Largest Telecommunication Company in the World
- Built in 2015 with McDonald's Corporate Guarantee
EXECUTIVE SUMMARY
Marcus & Millichap is pleased offer for sale, a McDonald's Strip Center in Fordyce, Arkansas. The subject property was built in 2015 at the signalized corner of US-79 and N Edgar Street with Daily Traffic Count of 13,600. That is 31% growth from a few years ago. It is situated on a large 3.9 Acre lot for future expansion/development.
Fordyce is about 70 miles south of Little Rock and McDonald's signed a new 20-year lease in 2015 and AT&T extended to 2026. This is the only McDonald's within 15 miles and serves locals as well as travellers.
This is a great opportunity to acquire strong national tenants at a low price point.
Fordyce is about 70 miles south of Little Rock and McDonald's signed a new 20-year lease in 2015 and AT&T extended to 2026. This is the only McDonald's within 15 miles and serves locals as well as travellers.
This is a great opportunity to acquire strong national tenants at a low price point.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,400 SF
Building Class
B
Year Built
2015
Price
$1,000,000
Price Per SF
$185
Cap Rate
7.51%
NOI
$75,056
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
3.92 AC
Opportunity Zone
Yes
Zoning
COM - Commercial
Parking
63 Spaces (11.67 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 970-03810-001 | Improvements Assessment | $124,350 |
Land Assessment | $29,400 | Total Assessment | $153,750 |