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CORP. BURGER KING W/ DR-THRU | ABSOLUTE NET 145 Brownsville Loop 2,974 SF Retail Building Lonoke, AR 72086 $1,940,000 ($652.32/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Backed by a Strong Corporate Guarantee - Long Term Absolute Net Lease (Zero Landlord Responsibilities).
- Burger King, one of the World’s Largest Quick-Service Restaurant Brands with 19,700+ Locations.
- Lonoke Serves as a Key Gateway Community between Little Rock and Eastern Arkansas.
- Featuring 7.5% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- Restaurant Brands International, one of the World’s Largest Quick-Service Restaurant Companies, generates $45B in Annual Sales across 32k Restaurants.
- Positioned Along Area’s Retail & Traffic Corridor: Features Easy Access and Excellent Visibility Along Brownsville Loop and Highway 31.
EXECUTIVE SUMMARY
Corp. Burger King w/ Drive Thru | Long Term Absolute Net Lease | Strategic I-40 Corridor Location | Hard-Corner Site Along Brownsville Loop & Hwy 31 | Immediate Access to Interstate 40 – a Key East-West Artery Connecting Little Rock & Memphis | Adjacent to Walmart Supercenter | Minutes from Downtown Little Rock
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
Arkansas Broker of Record: Steve Greer | 10527 Kentshire Court, Suite B Baton Rouge, LA 70810 | P: (225) 376-6729 | Lic #: PB00098133 | Steve.Greer@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,974 SF
Building Class
C
Year Built
2017
Price
$1,940,000
Price Per SF
$652.32
Cap Rate
6.25%
NOI
$121,228
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.49 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Burger King
- Retailer
- 2,974 SF
- -
- Triple Net
- Jul 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Burger King | Retailer | 2,974 SF | - | Triple Net | Jul 2038 |
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CORP. BURGER KING W/ DR-THRU | ABSOLUTE NET | 145 Brownsville Loop
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