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7820 Sheridan Rd
White Hall, AR 71602
Price Reduction | Burger King | 7% Rent/Sales · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease with Zero Landlord Responsibilities
- Experienced 21 Unit Operator that has Been in Business since 1979
- Located in front of a Super 8 and Holiday Inn Hotel
- Proven Well Performing Unit with Sales History | 6.98% Rent to Sales Ratio
- Major Tenants Nearby: McDonald’s, Taco Bell, Popeyes and Dairy Queen
- One Block away from Gandy Elementary School and the University of Pine Bluff Arkansas with a Student Enrollment of Approximately 3,000 Students
EXECUTIVE SUMMARY
The Burger King is located in front of a Super 8 and Holiday Inn Hotel located in White Hall, AR. Built in 2015, the subject property is an approximate 3,204-square foot, single-tenant building on an estimated .89 acres of land. The Burger King has 10 years remaining on the term of the lease. This property features an absolute triple net (NNN) lease with no landlord responsibilities. The franchisee, Flis Enterprises, operates 21 restaurants and has been in business since 1979. The store sales are very strong for this location with the rent to store sales ratio at 6.98%.
White Hall is a city in Washington Township, Jefferson County, Arkansas. It is included in the Pine Bluff Metropolitan Statistical Area and the greater Little Rock North Little Rock-Pine Bluff Combined Statistical Area. White Hall has the second highest median household income in Arkansas. The City of White Hall is a short drive south on Interstate 530 from the capital city of Little Rock. It is the fastest growing modern community in Jefferson County. White Hall ranks 2nd in Arkansas in Median Household Income among cities with a population of 5,000 or higher.
White Hall is a city in Washington Township, Jefferson County, Arkansas. It is included in the Pine Bluff Metropolitan Statistical Area and the greater Little Rock North Little Rock-Pine Bluff Combined Statistical Area. White Hall has the second highest median household income in Arkansas. The City of White Hall is a short drive south on Interstate 530 from the capital city of Little Rock. It is the fastest growing modern community in Jefferson County. White Hall ranks 2nd in Arkansas in Median Household Income among cities with a population of 5,000 or higher.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,204 SF
Building Class
B
Year Built
2015
Price
$1,587,600
Price Per SF
$495.51
Cap Rate
6.25%
NOI
$99,225
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.89 AC
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 970-02801-000 | Improvements Assessment | $110,840 |
| Land Assessment | $89,260 | Total Assessment | $200,100 |
PROPERTY TAXES
Parcel Number
970-02801-000
Land Assessment
$89,260
Improvements Assessment
$110,840
Total Assessment
$200,100
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