Burger King
Stuttgart, AR
Key Details
| Price: | $2,026,752 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $126,672 |
| Address: | 302 East 22nd Street, Stuttgart, Arkansas 72160 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 7/18/2018 |
| Lease Expiration: | 7/31/2038 |
| Lease Term Remaining: | 13.7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.50 Acres |
| Building Size: | 2,974 SF |
| Year Built: | 2018 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 302 East 22nd Street, Stuttgart, Arkansas 72160. The site consists of roughly 2974 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 7/18/2018. The current annual rent is $126,672 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee’s in the United States
- Guaranteed by New CFH, LLC | Subsidiary of Carrols With Over 200+ Units
- Attractive Rental Increases of Ten Percent (10%) Every 5 Years
- Four (4) Tenant Renewal Periods of Five (5) Years Each
Key Details
| Price: | $2,026,752 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $126,672 |
| Address: | 302 East 22nd Street, Stuttgart, Arkansas 72160 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 7/18/2018 |
| Lease Expiration: | 7/31/2038 |
| Lease Term Remaining: | 13.7 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 1.50 Acres |
| Building Size: | 2,974 SF |
| Year Built: | 2018 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony Bird
abird@nnnpro.com
License: NY: 10401306066
Broker of Record
Brian Brockman
Bang Realty-Arkansas, Inc
License: PB00082359
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.