5701 Olive St, Pine Bluff, AR 71603

4,947 SF | 4-Star Retail Building | Pine Bluff, AR 71603 | $7,113,000 ($1,438/SF) | 4.50% Cap Rate

Asking Price $7,113,000

Property Type: Retail, Restaurant
Square Feet: 4,947 SF
Price / Square Foot: $1,438

Listing Contacts

Patrick Luther

Matthew Mousavi

Property Info

Property Overview

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 [email protected]
D: 479.845.3021 | M: 479.871.6160 5100 W. JB Hunt Drive, Suite 800 Rogers, AR 72758
AR License No. SA00072817

Property Details

Year Built: 2023
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 141,134 SF

Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong National/Credit Tenants | Dense Retail Trade Area | New Construction | Nov. 2023 Grand Opening | Drive-Thru Equipped
Signalized, Hard Corner Intersection | Heavily Traveled Corridor | Jefferson Regional Hospital (290 beds)
Strong Demographics in 5-Mile Trade Area

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