Paragould, AR - Arby's

Description:

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, has over 19 years remaining in the initial lease term with
4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.0% annual rental increases starting in August 2032 and continuing throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.

The subject property is strategically located along W. Kingshighway (U.S. Highway 412) with a total of 22,000 VPD and a major thoroughfare in Paragould. The
site benefits from excellent visibility via significant street frontage and a large pylon sign. The site is directly across the street from Paragould Plaza, a 121,000 SF neighborhood shopping center with anchor tenants Dollar General and Superior Sleep. The subject property is also very close to the Town West Shopping Center, a 142,000 SF center with anchor tenants Lowes, Harbor Freight, Five Below and more. Other nearby national/credit retail tenants include: Walmart, Aldi, PetSmart, Dollar Tree, CVS, Walgreens, McDonald’s, O’Reilly Auto and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by more than 34,000 residents and 16,00 employees, providing a direct consumer base from which to draw. The site offers an immediate fast-food option for highway travelers and locals alike.

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Listing ID: a28TP000002fK6TYAU