Log In/Sign Up
Your email has been sent.
Cheddar's | New 10yr Corp Abs NNN w/ Incrs Janet Drive & JoAnne St 6,181 SF Retail Building Searcy, AR 72143 $3,455,000 ($558.97/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Options To Extend | Scheduled Rental Increases
- Searcy City Center | Highly Trafficked Corridor | Harding University (4,500+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Lease is corporate signed by Cheddar’s Casual Cafe Inc.
• Recently signed 10-year lease with 4 (5-year) option periods to extend
• Features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• Recently signed 10-year lease with 4 (5-year) option periods to extend
• Features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
6,181 SF
Year Built
2026
Construction Status
Under Construction
Price
$3,455,000
Price Per SF
$558.97
Cap Rate
5.50%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.86 AC
Opportunity Zone
Yes
Zoning
C-4 - Regional Commercial
Parking
132 Spaces (21.36 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Gary Chou -
Sabrina Sapienza -
SRS National Net Lease
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Cheddar's | New 10yr Corp Abs NNN w/ Incrs | Janet Drive & JoAnne St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.