Chick-fil-A | New 15yr Corp Abs NNN | 5701 Olive
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Chick-fil-A | New 15yr Corp Abs NNN 5701 Olive
4,947 SF 4-Star Retail Building Pine Bluff, AR 71603 $7,113,000 ($1,438/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed
- Strong National/Credit Tenants | Dense Retail Trade Area | New Construction | Nov. 2023 Grand Opening | Drive-Thru Equipped
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Heavily Traveled Corridor | Jefferson Regional Hospital (290 beds)
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, drive-thru equipped, absolute NNN, Chick-fil-A investment property located in Pine Bluff, Arkansas. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in November of 2023, the site will feature a modern design and first-class amenities.
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
BAILEY BENSON
Director, Brokerage Operations Sage Real Estate Solutions, LLC bbenson@sagepartners.com
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,947 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$7,113,000
Price Per SF
$1,438
Cap Rate
4.50%
NOI
$320,065
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
3.24 AC
Zoning
General Commercial
Parking
14.76 Spaces per 1,000 SF Leased
Amenities
- Corner Lot
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 931-79445-003 | Improvements Assessment | $245,520 |
| Land Assessment | $41,790 | Total Assessment | $287,310 |
PROPERTY TAXES
Parcel Number
931-79445-003
Land Assessment
$41,790
Improvements Assessment
$245,520
Total Assessment
$287,310
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Power Broker Patrick Luther -
Power Broker Matthew Mousavi -
SRS National Net Lease
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Chick-fil-A | New 15yr Corp Abs NNN | 5701 Olive
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