For Sale
$4,187,000

3106 Jenny Lind Rd Fort Smith, AR 72901

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
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).
  • 7.25% blended cap rate (at list price).

Property Details for 3106 Jenny Lind Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
3,600 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
74,052 SF
Units
1

Location Insight

City
Fort Smith
County
Sebastian
State
Arkansas
Latitude
35.354143
Longitude
-94.413531

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
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.
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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3106 Jenny Lind Rd
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