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4610 W Kingshighway
Paragould, AR 72450
McDonald's: Paragould, AR · Retail Property For Sale
PROPERTY FACTS
About 4610 W Kingshighway , Paragould, AR 72450
• World’s Leading Food-Service Retailer: McDonald’s Corp. (S&P: BBB+) is the world’s leading food-service retailer, with 37,855 locations serving approximately 69 million customers in more than 120 countries each day. In addition to opening new restaurants world-wide, the company is currently reimaging hundreds of its current U.S. locations. McDonald’s produced impressive 2018 revenue and net income figures of $21.0 billion and $5.9 billion, respectively. • New 20-Year NNN Ground Lease: McDonald’s has executed a new 20–year NNN ground lease that will commence at opening, which has 5% rent increases every 5 years throughout the initial term and in each of the sixteen 5-year options to renew. • Recent Construction and Commitment to Site: This McDonald’s location is currently under construction and is expected to open in late October 2019. McDonald’s was previously operating out of an end–cap at the same site, so the construction of a new store shows commitment to their built–in customer base in the Paragould market. • Excellent Access/Visibility: The site is strategically located on a hard corner at the signalized intersection of Rockingchair Road and West Kingshighway (Traffic Count: 12,000 VPD), which is the main east–west thoroughfare through Paragould, and is the only McDonald’s within a 2.5–miles radius. • Densely Developed Intersection: The immediate intersection is rapidly developing. A new Kum & Go was recently built across from the McDonald’s site and the nearby Greene County Tech Intermediate School recently expanded their campus. • Dynamic Demographics: The property benefits from a population of 32,458 people, 12,611 households and 496 multifamily units within a 5–mile radius.
PROPERTY TAXES
Parcel Number | 1002-34320-015 | Improvements Assessment | $790 |
Land Assessment | $67,430 | Total Assessment | $68,220 |
PROPERTY TAXES
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Listing ID: 17124098
Date on Market: 9/6/2019
Last Updated:
Address: 4610 W Kingshighway, Paragould, AR 72450
The Retail Property at 4610 W Kingshighway, Paragould, AR 72450 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.