This exceptional investment opportunity presents a brand-new, 3,600 square foot retail property located at 3106 Jenny Lind Rd, Fort Smith, AR 72901. The property, built in 2023, sits on a 1.7-acre lot and includes 12 parking spaces. Currently 100% occupied by a Circle K, the property boasts a 20-year absolute NNN lease with a corporate guarantee from a major franchisee, Gas Express, LLC, the largest Circle K franchisee in the country. The lease, expiring October 1, 2043, features a remaining term of 18.9 years and includes 10% rent bumps every five years. The property generates a substantial net operating income (NOI) of $261,690, resulting in a 6.25% cap rate at the asking price of $4,187,000. This strategically located property benefits from proximity to major retailers, schools, and a regional shopping center, ensuring consistent high traffic and strong tenant performance. The property's strong financials, long-term lease, and prime location make it an ideal investment for those seeking a passive income stream with significant tax advantages. Potential bonus depreciation eligibility should be verified with a qualified tax professional. The property's location offers convenient access to Harps Food Stores, a new Family Dollar, Ramsey Middle School, Fairview Elementary School, Southside High School, and the Fort Smith Pavilion shopping center.
Highlights
$4,187,000 asking price for a retail property.
New, 20-year absolute NNN lease with 10% rent increases every 5 years.
Passive investment; zero landlord responsibilities; ideal 1031 exchange opportunity.
Strong tenant: Gas Express, LLC, the largest Circle K franchisee, with significant sales volume and growth.
Bonus depreciation eligibility (consult your CPA).
The property is located at 3106 Jenny Lind Rd Fort Smith, AR.
What is the asking price?
The asking price for this property is $4,187,000.
What are key features of this property?
This property features: $4,187,000 asking price for a retail property.; New, 20-year absolute NNN lease with 10% rent increases every 5 years.; Passive investment; zero landlord responsibilities; ideal 1031 exchange opportunity.
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Contacts
Zack Williams
Gary Chou
Calvin Short
Aron Cline
Scott Reid
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Jenny Lind Rd Fort Smith, AR 72901
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Jenny Lind Rd Fort Smith, AR 72901
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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3106 Jenny Lind Rd
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