Absolute NNN Checkers Sale-Leaseback Opportunity
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304 Linwood Dr.
Paragould, AR 72450
Price:
$1,773,333
Cap Rate:
7.50%
Building Size:
968 SF
Lot Size:
0.63 AC
Year Built:
2023
Broker(s):
Nathan Eller
Zac Qualls
Highlights
  • 0.63 Acre lot along HWY 49
  • Sandwiched between Paragould High School & the largest intersection in Paragould
  • Exposure to 15,000+ cars per day
  • Surrounded by a healthy mix of new & well established restaurants / retailers
  • Absolute NNN lease with experienced restaurant operator
  • Business Only Also For Sale @ $300,000
Property Description
Discover an exceptional opportunity with this absolute NNN Checkers property strategically positioned between two high-traffic signalized intersections.

This location has exposure to more than 15,000 cars per day and is located between the largest signalized intersection in Paragould & Paragould High School. This exciting property is also across the street from one of the top volume McDonald’s in the state. Located just a stone’s throw from Paragould High School, this site is surrounded by a vibrant mix of businesses, restaurants & retailers. Several new developments have recently been added to the area including the Fire Station, ARKids, & Slim Chickens. The dynamic community attracts a diverse range of customers to the area.

This property is being offered as a sale-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 $133,000 and a cap rate of 7.5%.

The operator and franchisee is local and has a history of owning and operating successful restaurants & businesses.