Jonesboro, AR 72401
- Brand New Construction
- Best Real Estate in Northeast Arkansas
- 20 Year ABSOLUTE NNN Lease - Zero LL Responsibilities
- Strong Personal Guarantor
- Owner Operator Store
- Directly Between Regional Mall & Arkansas State University
This property is being offered as a sell-leaseback with an initial 20 year term and three, 5-year options. There will be a 5% rent increase every five years of the initial term and at each option. The property is being offered with an NOI of $81,250 / YR and a cap rate of 6.25%.
The operator and franchisee is local and has a history of owning successful restaurants. He also owns other real estate. His plan is to open several Checkers in the coming years.