15-YEAR ABSOLUTE NNN SALE-LEASEBACK | 304 Linwood dr
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15-YEAR ABSOLUTE NNN SALE-LEASEBACK 304 Linwood dr
968 SF Retail Building Paragould, AR 72450 $1,773,333 ($1,832/SF) 7.50% Cap Rate
Investment Highlights
- 0.63 Acre lot along HWY 49
- Exposure to 15,000+ cars per day
- Absolute NNN lease with experienced restaurant operator
- Sandwiched between Paragould High School & the largest intersection in Paragould
- Surrounded by a healthy mix of new & well established restaurants / retailers
- Business Only Also For Sale @ $300,000
Executive Summary
Discover an exceptional opportunity with this absolute NNN Checkers property strategically positioned between two high-traffic signalized intersections.
This location has exposure to more than 15,000 cars per day & is located between the largest signalized intersection in Paragould & Paragould High School. This exciting property is also across the street from one of the top volume McDonald’s in the state. Located just a stone’s throw from Paragould High School, this site is surrounded by a vibrant mix of businesses, restaurants & retailers. Several new developments have recently been added to the area including the Fire Station, ARKids, & Slim Chickens. The dynamic community attracts a diverse range of customers to the area.
This property is being offered as a sale-leaseback with an initial 15 year term & three, 5-year options. There will be a 10% rent increase every five years of the initial term and at each option. The property is being offered with an NOI of $133,000 & a cap rate of 7.5%.
The operator & franchisee is local and has a history of owning & operating successful restaurants & businesses.
This location has exposure to more than 15,000 cars per day & is located between the largest signalized intersection in Paragould & Paragould High School. This exciting property is also across the street from one of the top volume McDonald’s in the state. Located just a stone’s throw from Paragould High School, this site is surrounded by a vibrant mix of businesses, restaurants & retailers. Several new developments have recently been added to the area including the Fire Station, ARKids, & Slim Chickens. The dynamic community attracts a diverse range of customers to the area.
This property is being offered as a sale-leaseback with an initial 15 year term & three, 5-year options. There will be a 10% rent increase every five years of the initial term and at each option. The property is being offered with an NOI of $133,000 & a cap rate of 7.5%.
The operator & franchisee is local and has a history of owning & operating successful restaurants & businesses.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
968 SF
Year Built
2023
Price
$1,773,333
Price Per SF
$1,832
Cap Rate
7.50%
NOI
$133,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.63 AC
Zoning
C-1
Frontage
106 FT on Linwood Dr.
Amenities
- Corner Lot
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Checkers
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Checkers | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1453-00026-000 | Improvements Assessment | $49,590 |
| Land Assessment | $63,670 | Total Assessment | $113,260 |
PROPERTY TAXES
Parcel Number
1453-00026-000
Land Assessment
$63,670
Improvements Assessment
$49,590
Total Assessment
$113,260
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15-YEAR ABSOLUTE NNN SALE-LEASEBACK | 304 Linwood dr
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