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Arby's | Absolute NNN Ground Lease 1606 W Kingshighway 2,400 SF Retail Building Paragould, AR 72450 $2,120,000 ($883.33/SF) 6.25% Cap Rate
Investment Highlights
- 19+ Years Remaining | Annual Rental Increases | Growing Operator | Absolute NNN | Ground Lease
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
- U.S. Highway 412 (22,000 VPD) | Excellent Visibility & Access | Strong Tenant Synergy | Very Close To Neighborhood Centers
Executive Summary
SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, has over 19 years remaining in the initial lease term with
4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.0% annual rental increases starting in August 2032 and continuing throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.
4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.0% annual rental increases starting in August 2032 and continuing throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
2016
Price
$2,120,000
Price Per SF
$883.33
Cap Rate
6.25%
NOI
$132,490
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Zoning
Neighborhood Commercial
Parking
20 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
131’ on West Kingshighway
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1001-01210-007 | Improvements Assessment | $139,880 |
| Land Assessment | $135,910 | Total Assessment | $275,790 |
Property Taxes
Parcel Number
1001-01210-007
Land Assessment
$135,910
Improvements Assessment
$139,880
Total Assessment
$275,790
Contacts
-
Patrick Luther -
Matthew Mousavi -
Morgan Zant -
Sarah Shanks -
Sabrina Sapienza -
SRS National Net Lease
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Arby's | Absolute NNN Ground Lease | 1606 W Kingshighway
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