CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN | 9324 AR-107
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CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN 9324 AR-107
4,200 SF 100% Leased Retail Building Sherwood, AR 72120 $4,936,334 ($1,175/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.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- 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.
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 | Directly Across from Walmart Supercenter
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
2020
Price
$4,936,334
Price Per SF
$1,175
Cap Rate
7.04%
NOI
$347,518
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.71 AC
Zoning
Undesignated
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Circle K
- Retailer
- 4,200 SF
- -
- Triple Net
- Aug 2040
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Circle K | Retailer | 4,200 SF | - | Triple Net | Aug 2040 |
Nearby Major Retailers
1 of 14
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CIRCLE K W/ GAS | RARE 7% CAP | ABSOLUTE NNN | 9324 AR-107
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