9811 Ar-253Fort Smith, AR 72916

Property Details for 9811 Ar-253

Year built

2023

Lot size

1.06 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 Circle K convenience store and gas station in Fort Smith, Arkansas. Located on 1.06 acres at 9811 AR-253, this property boasts a prime location with excellent visibility from I-540 and Highway 253, experiencing a combined 40,000 vehicles per day. The property features 18 parking spaces and benefits from a strong tenant, Gas Express, LLC, the largest Circle K franchisee in the country, with a portfolio exceeding 200 units across various brands. The absolute NNN lease has a remaining term of 18.9 years, expiring October 1, 2043, with 10% rent bumps every five years. The property's strong financial performance is reflected in a current NOI of $268,277 and a 6.25% cap rate at the asking price of $4,292,000. The property is 100% occupied and benefits from its proximity to major attractions such as the Choctaw Casino & Resort and a newly developed medical research facility. The affluent area boasts an average household income exceeding $114,000 within a one-mile radius. Built in 2023, this Class B property is an ideal 1031 exchange asset with zero landlord responsibilities. The substantial remaining lease term, coupled with the strong tenant and favorable location, makes this a compelling investment opportunity. Potential tax advantages may exist due to bonus depreciation eligibility (consult with a tax professional for confirmation).

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.2921

Longitude

-94.4225

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