Benton, AR - Layne's Chicken Fingers

Description:

• The tenant just signed a brand new 15-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• The newly constructed site features a state-of-the-art design with high-quality materials
• Layne’s Chicken has more than 40 locations open with expansion underway, bringing its signature chicken finger experience to communities nationwide

• The site is an out-parcel to a Kroger & Academy anchored center
• The subject property is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Target, Hobby Lobby, Petco, Burlington, Ulta, Petsmart, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Arkansas Heart Hospital -Benton (24 beds), increasing consumer traffic to the site

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Listing ID: a28TP000002nJ6oYAE