For Sale
$3,968,683

1220 Ar-35Benton, AR 72019

High-return, low-maintenance retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2020-built, 100% occupied Circle K convenience store and gas station in Benton, Arkansas. The property boasts a strong absolute NNN lease with a credit-rated corporate guarantor, Gas Express, LLC, the largest Circle K franchisee with over 70 locations. The lease, commencing June 30, 2020, and expiring June 29, 2040, offers a substantial remaining term of 15.8 years, with four, five-year options including 10% rent bumps every five years. The 0.83-acre lot is strategically located off I-30, a major thoroughfare with over 68,000 vehicles per day, serving a densely populated area with over 48,973 residents within a five-mile radius and an average household income exceeding $87,766. The property benefits from significant population growth projections of 7.3% over the next five years and proximity to numerous national retailers, including The Home Depot, Chipotle, and Walmart. The asking price is $3,968,683, yielding a 6.30% cap rate and a net operating income (NOI) of $250,027. This property is eligible for bonus depreciation, offering significant tax advantages (consult your tax advisor for details). This is a rare opportunity to acquire a high-performing, low-risk retail investment with substantial long-term growth potential.

Highlights

  • 2020-built Circle K convenience store and gas station.
  • Located in the Little Rock, AR MSA, directly off I-30 with over 68,000 vehicles per day.
  • Absolute NNN lease with zero landlord responsibilities.
  • Strong guarantee from Gas Express, LLC, the largest Circle K franchisee with over 70 locations.
  • Densely populated area with over 48,973 residents within a five-mile radius and an average household income exceeding $87,766.
  • Projected population growth of 7.3% over the next five years.

Property Details for 1220 Ar-35

Property type
Retail properties, Grocery and convenience stores
Year Built
2020
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Benton
County
Saline
State
Arkansas
Latitude
34.5516301
Longitude
-92.5658609
1220 Ar-35, Benton, Arkansas

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1220 Ar-35
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