15-Year Absolute NNN Checkers in A+ Location
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1498 Red Wolf Blvd
Jonesboro, AR 72401
Price:
$1,493,333
Cap Rate:
7.50%
Building Size:
952 SF
Lot Size:
0.49 AC
Year Built:
2020
Broker(s):
Zac Qualls
Nathan Eller
Highlights
  • Newly Constructed Checkers in 2020
  • 15-Year ABSOLUTE NNN Lease - Zero LL Responsibilities
  • Strong Personal Guarantor
  • Owner Operator Store
  • Directly Between Regional Mall & Arkansas State University
Property Description
This newly constructed freestanding Checkers is located directly on the highly coveted Red Wolf Blvd. in Jonesboro, AR lending it exposure to more than 41,000 cars per day. This site has excellent access with access points at both Red Wolf Blvd. & Nettleton Ave. The property is surrounded by other major retailers & restaurants that include Target, Chili’s, Slim Chickens, Olive Garden, Buffalo Wild Wings, Popeye's, Jimmy John’s, & many others located on the main Red Wolf Blvd. artery.

This property is being offered as a sell-leaseback with an initial 15-year term & three, 5-year options. There will be a 10% rent increase every five years of the initial term & at each option. The property is being offered with an NOI of $112,000 / YR & a cap rate of 7.50%.

The operator & franchisee is local and has a history of owning successful restaurants. He also owns other real estate & business operations.