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Whataburger 4172 Elm Springs Rd 2,543 SF Retail Building Springdale, AR 72762 $2,400,000 ($943.77/SF) 4.95% Cap Rate
Investment Highlights
- 13+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Walmart Supercenter Anchored Center | High Traffic Intersection Interstate 49 (102,000 VPD)
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate signed lease by Whataburger Restaurants, LLC
• Over 13 years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation
• Over 13 years remaining with 3 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,543 SF
Building Class
B
Year Built
2015
Price
$2,400,000
Price Per SF
$943.77
Cap Rate
4.95%
NOI
$118,717
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.12 AC
Zoning
C-5
Parking
33 Spaces (12.98 Spaces per 1,000 SF Leased)
Frontage
54’ on Elm Springs Rd
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 815-29791-093 | Improvements Assessment | $295,830 |
| Land Assessment | $167,300 | Total Assessment | $463,130 |
Property Taxes
Parcel Number
815-29791-093
Land Assessment
$167,300
Improvements Assessment
$295,830
Total Assessment
$463,130
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Whataburger | 4172 Elm Springs Rd
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