302 22Nd St, Stuttgart, AR 72160
2,974 SF | 100% Leased | Retail Building | Stuttgart, AR 72160 | $2,026,752 ($681/SF) | 6.25% Cap Rate
For Sale
Active
Asking Price $2,026,752
- Property Type
-
Retail
- Square Feet
- 2,974 SF
- Price / Square Foot
- $681
Listing Contacts
Property Overview
NNN Properties, LLC is pleased to present the exclusive listing for a Burger King
located at 302 E 22nd St in Stuttgart, AR. The site consists of roughly 2,974
rentable square feet of building space on estimated 1.50-acre parcel of land. This
Burger King is subject to a 20-year absolute triple-net (NNN) lease, which
commenced on July 18th, 2018 and has more than 15 years remaining. The
current annual rent is $126,672 and is scheduled to increase by 10% every 5 years
and in each of the 4, 5-year renewal options.
located at 302 E 22nd St in Stuttgart, AR. The site consists of roughly 2,974
rentable square feet of building space on estimated 1.50-acre parcel of land. This
Burger King is subject to a 20-year absolute triple-net (NNN) lease, which
commenced on July 18th, 2018 and has more than 15 years remaining. The
current annual rent is $126,672 and is scheduled to increase by 10% every 5 years
and in each of the 4, 5-year renewal options.
Property Details
- Class
- B
- Year Built
- 2018
- Stories
- 1
- Lot Size (sq. ft)
- 65,340 SF
Highlights
- 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
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