3106 Jenny Lind RdFort Smith, AR 72901

Property Details for 3106 Jenny Lind Rd

Year built

2023

Lot size

1.70 AC

Property size (Sq ft)

3,600 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

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.

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3541

Longitude

-94.4135

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