CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN | 4715 S Shackleford Rd
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CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN 4715 S Shackleford Rd
4,200 SF Retail Building Little Rock, AR 72204 $4,187,697 ($997/SF) 7.04% Cap Rate
Investment Highlights
- 15+ Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New Construction w/ Gas Station.
- Positioned Along Area’s Retail & Traffic Corridor: Features Easy Access and Excellent Visibility at a Signalized Hard Corner.
- Tenant is the Largest Circle K Franchisee in the United States with more than 200 Locations Currently Operating.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Lease features Rare Fuel Sales Reporting Clause for Bonus Depreciation.
Executive Summary
Circle K w/ Gas Station | Long Term Absolute Net Lease | Qualifies for Accelerated Depreciation | Largest Circle K Franchisee in the United States | Signalized Hard Corner | Densely Populated & Affluent Area | Immediate Access to/from Interstate-430 | Near Numerous Auto Dealerships and Arkansas's Largest Private, Non-profit Medical Center
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: Pb000981339 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: Pb000981339 | Steve.Greer@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
2019
Price
$4,187,697
Price Per SF
$997
Cap Rate
7.04%
NOI
$294,813
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.54 AC
Zoning
Undesignated
PROPERTY TAXES
Parcel Number | 44L-144-09-001-00 | Improvements Assessment | $245,776 |
Land Assessment | $134,164 | Total Assessment | $379,940 |
PROPERTY TAXES
Parcel Number
44L-144-09-001-00
Land Assessment
$134,164
Improvements Assessment
$245,776
Total Assessment
$379,940
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CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN | 4715 S Shackleford Rd
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