20 Year Absolute NNN Checkers in A+ Location
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1498 Red Wolf Blvd
Jonesboro, AR 72401
Price:
$1,300,000
Cap Rate:
6.25%
Building Size:
952 SF
Year Built:
2019
Broker(s):
Zac Qualls
Nathan Eller
Highlights
  • 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
Property Description
This brand new 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 and Nettleton. The property is surrounded by other major retailers and restaurants that include Target, Chili’s, Slim Chickens, Olive Garden, Buffalo Wild Wings, Popeyes, Jimmy John’s, and many others located on the main Red Wolf Blvd artery.
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.