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113 W Pershing Blvd
North Little Rock, AR 72114
Land For Sale
·
1.05 AC
Investment Highlights
- 13 Years Remaining on Ground Lease Annual Rent Increases of 1.5%
- Interstate 40 Frontage with 90,000 VPD
- Average Household Income of $81,197
- 2,141 SF Building Built in 2017 on 1.05 Acre Lot
- Three-Mile Population of 55,566
Property Facts
| Property Type | Land | Total Lot Size | 1.05 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Zoning | Community Shopping - Community Shopping | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.05 AC |
| No. Stories | 1 |
| Zoning | Community Shopping - Community Shopping |
Description
Marcus & Millichap is pleased to present the opportunity to acquire property ground leased to Taco Bueno on a 1.05-acre lot in North Little Rock, Arkansas. The property is located just off Interstate 40 with over 90,000 vehicles per day. The property has been ground leased to a quick service restaurant since 2017, with a 2,141-square-foot building that is currently not operating. There are 13 years remaining on the ground lease with annual 1.5 percent rent increases.
Property Taxes
| Parcel Number | 33N-209-03-001-01 | Improvements Assessment | $186,565 |
| Land Assessment | $118,435 | Total Assessment | $305,000 |
Property Taxes
Parcel Number
33N-209-03-001-01
Land Assessment
$118,435
Improvements Assessment
$186,565
Total Assessment
$305,000
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