1606 KingshighwayParagould, AR 72450

Property Details for 1606 Kingshighway

Year built

2016

Lot size

0.65 AC

Property size (Sq ft)

2,207 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

1001-01210-007

APU

100101210007

Description

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.

Location Insight

City

Paragould

County

Greene

State

Arkansas

Latitude

36.0527

Longitude

-90.5073

CBSA code

37500

CBSA name

PARAGOULD, AR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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