For Sale
$4,936,334

9324 Ar-107 Sherwood, AR 72120

Arkansas NNN Retail, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 4,200 square foot Circle K convenience store and gas station in Sherwood, Arkansas. Located at 9324 AR-107, this Class A property boasts a 15.7-year remaining lease term (expiring August 31, 2040) with a strong 7.04% cap rate and a substantial NOI of $347,518. The absolute NNN lease features 10% rent bumps every five years, ensuring consistent income growth. Built in 2020 on a 0.71-acre lot, the property benefits from a prime location along a major retail corridor with over 27,000 vehicles passing daily. Its visibility at a signalized hard corner ensures high traffic exposure. The tenant is a large, established Circle K franchisee with over 200 locations. The surrounding area is densely populated and affluent, with an average household income exceeding $90,000 within a 3-mile radius and over 80,000 residents within 5 miles. The property's proximity to a Walmart Supercenter, other national retailers, and North Little Rock Municipal Airport further enhances its value and potential. Significant tax benefits are available through accelerated depreciation and cost segregation, including a rare fuel sales reporting clause for bonus depreciation. This passive investment offers exceptional returns and long-term stability in a thriving market. The asking price is $4,936,334.

Highlights

  • 15+ year absolute NNN lease with 10% rent increases every five years.
  • High-visibility location on a signalized hard corner with over 27,000 vehicles daily.
  • Significant tax benefits through accelerated depreciation, cost segregation, and a rare fuel sales reporting clause for bonus depreciation.
  • Prime Sherwood, AR location attracting residents and commuters from Jacksonville and North Little Rock.
  • Circle K tenant is a major franchisee with over 200 locations.
  • Affluent area with average household income exceeding $90,000 within a 3-mile radius and over 80,000 residents within 5 miles.

Property Details for 9324 Ar-107

Property type
Retail properties, Retail space
Square Feet
4,200 SF
Class
A
Year Built
2020
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Sherwood
County
Pulaski
State
Arkansas
Latitude
34.8402867
Longitude
-92.2313159

FAQs

What type of property is this?
Retail property - Arkansas NNN Retail, 7% Cap Rate
Where is the retail property located?
The property is located at 9324 Ar-107 Sherwood, AR.
What is the asking price?
The asking price for this property is $4,936,334.
What are key features of this property?
This property features: 15+ year absolute NNN lease with 10% rent increases every five years.; High-visibility location on a signalized hard corner with over 27,000 vehicles daily.; Significant tax benefits through accelerated depreciation, cost segregation, and a rare fuel sales reporting clause for bonus depreciation.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9324 Ar-107
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