For Sale
$3,852,000

1815 1St StJacksonville, AR 72076

High-return Whataburger investment. 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,580 square foot Whataburger restaurant located at 1815 N 1st St, Jacksonville, AR 72076. Boasting a 20-year absolute NNN lease commencing December 15, 2024, and expiring December 14, 2044, this property offers significant long-term stability. The lease includes a 10% rent increase every five years, ensuring consistent growth in income. The property sits on a 0.77-acre lot and includes 30 parking spaces. Built in 2016 and renovated in 2024, the Whataburger operates 24 hours a day with a dual drive-thru lane. The property enjoys exceptional visibility and access, situated along I-57 with a daily traffic count of 65,100 vehicles. Its strategic location near the Little Rock Air Force Base, a Walmart Supercenter, and other national retailers like Lowe's, Kroger, and Starbucks, ensures high traffic and strong brand recognition. The primary trade area boasts 70,441 residents with an average household income of $80,111. The property generates a Net Operating Income (NOI) of $235,000, resulting in a 6.10% cap rate. The tenant, a franchisee, is affiliated with K-Mac Enterprises, a significant operator in the fast-food industry. This is a 100% occupied, single-tenant property with zero landlord responsibilities. The property is part of the Little Rock-Conway-North Little Rock MSA, a region with 771,000 residents, and is only 15 miles from downtown Little Rock. This is a truly exceptional opportunity for a passive income investment with significant upside potential.

Highlights

  • Strategically located near the entrance to Little Rock Air Force Base.
  • 70,441 residents in the primary trade area with an $80,111 average household income.
  • Excellent access and visibility with 65,100 vehicles per day on I-57, situated in a major retail area.
  • Across from a Walmart Supercenter and adjacent to Lowe's, Kroger, and other national retailers.
  • Surrounded by six hotels within a half-mile radius and near several K-12 schools.
  • Part of the Little Rock-Conway-North Little Rock MSA, with 771,000 residents, and 15 miles from downtown Little Rock.

Property Details for 1815 1St St

Property type
Retail properties
Square Feet
2,580 SF
Year Built/Renovated
2016/2024
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Jacksonville
County
Pulaski
State
Arkansas
Latitude
34.8839848
Longitude
-92.1082842
1815 1St St, Jacksonville, Arkansas

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1815 1St St
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