For Sale
$1,840,000

1606 KingshighwayParagould, AR 72450

Absolute NNN Lease, High NOI, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 2,400 square foot Arby's restaurant in Paragould, Arkansas. Built in 2016, this property boasts a 100% occupancy rate with a strong, growing franchisee tenant under a brand new 20-year absolute NNN lease. The lease includes four 5-year renewal options and features 1.5% annual rent increases, ensuring consistent NOI growth and inflation protection. The property generates a substantial net operating income (NOI) of $115,000, resulting in a compelling 6.25% cap rate. Situated on a 0.65-acre lot with 20 parking spaces, the Arby's enjoys excellent visibility and accessibility on West Kingshighway (US Highway 412), a major thoroughfare with 22,000 vehicles per day. Its strategic location near significant retail centers like Paragould Plaza and Town West Shopping Center, along with other national retailers, creates strong tenant synergy and a robust consumer base. The 5-mile trade area encompasses a substantial population and workforce, providing a reliable customer base. This management-free investment offers a secure and profitable return for passive investors seeking a high-quality, nationally branded asset. The property is zoned for neighborhood commercial use and has a parcel number of 1001-01210-007. The asking price is $1,840,000.

Highlights

  • Fee-simple ownership of a 2,400 SF Arby's restaurant in Paragould, AR.
  • Brand new 20-year absolute NNN lease with four 5-year options and 1.5% annual rent increases.
  • High-traffic location on US Highway 412 (22,000 VPD) with excellent visibility and access, near major retail centers.
  • Strong demographics within a 5-mile radius, providing a substantial consumer base.

Property Details for 1606 Kingshighway

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Year Built
2016
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Paragould
County
Greene
State
Arkansas
Latitude
36.0527954
Longitude
-90.5072566
1606 Kingshighway, Paragould, Arkansas

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1606 Kingshighway
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