1111 Us-62, Harrison, AR 72601
4,005 SF | Retail Building | Harrison, AR 72601 | $3,155,000 ($788/SF) | 8% Cap Rate
For Sale
Active
Asking Price $3,155,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,005 SF
- Price / Square Foot
- $788
Listing Contacts
- Property Info
Property Overview
Fortis Net Lease is pleased to present a free-standing Beef-A-Roo located in Harrison, AR. Rocinante Equity, Inc. recently signed a new 20-year lease which commenced on October 2022. The absolute NNN lease will require zero landlord responsibilities and 2% annual rent increases to hedge against inflation. In 2021 Beef-A-Roo reported that it's legacy/corporate stores in Illinois approached $2.9m in annual sales! At full list price, after factoring in the annual rent bumps, a new owner will receive an average unlevered annual return of 9% over the next 19 years. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC. The lease is guaranteed by Rocinante Equity, Inc., a Texas Corporation, doing business as Elysian Capital and Jeffrey Love, personally.
Property Details
- Class
- C
- Year Built
- 2022
- Stories
- 1
- Lot Size (sq. ft)
- 50,094 SF
Highlights
- New 20 Year Absolute NNN Lease
- 2% Annual Rent Increases
- Over $11,500 in Sales On Very First Day Open
- 10-mile Population: 30,325
- Average Household income: $65,476
- Recently Remodeled-to-Suit
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].