Burger King | 302 E 22nd St
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Burger King 302 E 22nd St
2,974 SF 100% Leased Retail Building Stuttgart, AR 72160 $2,872,860 CAD ($966 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
- Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee’s in the United States
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Properties, LLC is pleased to present the exclusive listing for a Burger King
located at 302 E 22nd St in Stuttgart, AR. The site consists of roughly 2,974
rentable square feet of building space on estimated 1.50-acre parcel of land. This
Burger King is subject to a 20-year absolute triple-net (NNN) lease, which
commenced on July 18th, 2018 and has more than 15 years remaining. The
current annual rent is $126,672 and is scheduled to increase by 10% every 5 years
and in each of the 4, 5-year renewal options.
located at 302 E 22nd St in Stuttgart, AR. The site consists of roughly 2,974
rentable square feet of building space on estimated 1.50-acre parcel of land. This
Burger King is subject to a 20-year absolute triple-net (NNN) lease, which
commenced on July 18th, 2018 and has more than 15 years remaining. The
current annual rent is $126,672 and is scheduled to increase by 10% every 5 years
and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,974 SF
Building Class
B
Year Built
2018
Price
$2,872,860 CAD
Price Per SF
$966 CAD
Cap Rate
6.25%
NOI
$179,554 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.50 AC
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
187 ft on East 22nd Street
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 074-00192-003 | Improvements Assessment | $107,795 CAD |
| Land Assessment | $116,515 CAD | Total Assessment | $224,310 CAD |
PROPERTY TAXES
Parcel Number
074-00192-003
Land Assessment
$116,515 CAD
Improvements Assessment
$107,795 CAD
Total Assessment
$224,310 CAD
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Burger King | 302 E 22nd St
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