For Sale
$1,840,000

1625 Us-412Siloam Springs, AR 72761

C-Mac's NNN Lease, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
116
This offering presents a fee-simple interest in a 3,098 square foot C-Mac's fast-casual restaurant with a drive-thru. Located in Siloam Springs, Arkansas, on a 1.17-acre lot at 1625 US-412, this property benefits from a strong retail corridor with high traffic volume (29,000 vehicles per day). The property is subject to a new 10-year absolute NNN lease with 2% annual rent increases and two, five-year options. The lease commenced in 2024 and expires August 31, 2034, providing a remaining lease term of approximately 9.8 years. The current annual net operating income (NOI) is $115,000, representing a 6.25% cap rate and a price per square foot of $593.93. Built in 2000 and renovated in 2014, the single-story building is 100% occupied. The property's location is further enhanced by its proximity to numerous national retailers and several new residential developments adding 330 lots, supporting significant population growth in the area (11.25% population and 11.97% household growth since 2020, with projected continued growth through 2028). The lease includes a personal guarantee from the CEO of Panhandle Restaurant Group, adding further security to the investment. This presents a compelling opportunity in a high-growth market with a strong tenant and favorable lease terms. The property's performance is further supported by the high Placer.ai scores of nearby retailers, including Walmart, McDonald's, and Dollar Tree.

Highlights

  • 10-Year NNN Lease with 2% Annual Increases; New 10-year NNN lease with 2% annual rent increases.
  • Prime Outparcel Location; Outparcel to a Harbor Freight-anchored center on Highway 412 (29,000 VPD) in Siloam Springs, AR.
  • Strong Performing Retailers Nearby; Highway 412 features high-performing Walmart, McDonald's, and Dollar Tree stores.
  • High-Growth Area; Significant population and household growth (11.25% and 11.97% since 2020, projected continued growth through 2028).
  • Drive-Thru Convenience; Single-lane drive-thru with convenient Highway 412 access.
  • Multiple New Residential Developments; Nearby developments adding 330 residential lots.

Property Details for 1625 Us-412

Property type
Retail properties, Restaurants
Square Feet
3,098 SF
Year Built/Renovated
2000/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
50,965 SF

Location Insight

City
Siloam Springs
County
Benton
State
Arkansas
Latitude
36.1767708
Longitude
-94.5574171
1625 Us-412, Siloam Springs, Arkansas

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1625 Us-412
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