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2080 N Washington St
Forrest City, AR 72335
Burger King · Retail Property For Sale
PROPERTY FACTS
About 2080 N Washington St , Forrest City, AR 72335
LONG-TERM STABILIZED INVESTMENT • Long Term Lease – There are ± 16.5 years remaining on the original 20-year lease with two (2), 5-year options for the tenant to extend • Strong Hedge Against Inflation – There are 10% increases in rent every 5 years allowing properties to keep up with rising market rents • Attractive Tax Benefits – Ownership includes land and improvements, allowing owners to depreciate the improvements over a 39-year depreciation schedule • Absolute NNN Lease – Landlord has zero landlord responsibilities, the tenant takes care of insurance, real estate taxes, and maintenance EXCELLENT LOCATION IN STRONG RETAIL AREA • Located on Main State Highway – Located on Arkansas Highway 18 which sees 20,000 VPD and just off of US Highway 63 which sees 29,000 VPD • Strong Retail Corridor – Other national tenants in the immediate area include Walmart, KFC, Pizza Hut, Dollar Tree, Taco Bell, McDonald’s, and Walgreens, amongst others SEASONED OPERATOR OF AN EXCELLENT BRAND • Publicly Traded Company – Cambridge Franchise Holdings (“CFH”) was recently acquired by Burger King’s largest franchise operator, Carrols Corporation – Carrols is a publicly traded company with over $600 million in assets (2018) • Growth Focused Operator – With the addition of approximately 166 Burger Kings and 55 Popeyes, Carrols now operates over 1,000 stores in 20 states and plans to develop approximately 200 more BKs and 70 Popeyes over the next 6 years • World Renowned Brand – Burger King first opened in 1954 and today there are 15,000+ BK restaurants in over 100 countries
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PROPERTY TAXES
Parcel Number | 0800-00211-0002 | Improvements Assessment | $101,918 |
Land Assessment | $85,594 | Total Assessment | $187,512 |
PROPERTY TAXES
Listing ID: 14571041
Date on Market: 2018-12-06
Last Updated:
Address: 2080 N Washington St, Forrest City, AR 72335
The Retail Property at 2080 N Washington St, Forrest City, AR 72335 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.