Hardee’s | Triple Net (NNN) Lease
$1,000,000
249 W Grand Avenue, Hot Springs, AR 71913
For Sale
Retail
Restaurant
Active
Last Updated: 03/22/2021
7.5
Cap Rate
75,000
NOI
Details:
Cap Rate: 7.5%
NOI: $75,000
Building Size: 2,952 sqft
Lot Area: 0.76 acres
Lease Type: Triple Net
Year Built: 2017
Price Per Sqft: $338.75
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Brand New 5 Year Triple Net (NNN) Lease With No Landlord Responsibilities to Begin at the Close of Escrow
- Lease Guarantee is Backed By Experienced Franchisee With 36+ Units
- Strategically Located Along W Grand Avenue Near Central Avenue With a Combined Traffic Count Exceeding 50,722 VPD
- Strong Demographics With a Population of 50,075 Residents Making an Average Household Income of $55,263 Within a 5-Mile Radius
- Population Has Grown 5.30% Since 2010 and is Expected to Increase Another 2.14% in the Next 5 Years
- 1-Mile From the Hot Springs Convention Center and Visitor Centers
- Minutes From the Hot Springs National Park Which Has 47 Beautiful Thermal Springs That Attract Up to 1.5 Million Visitors Per Year
- Just 4 Minutes North of the Oaklawn Racing Casino Resort, Which in 2019 Completed a $100 Million Expansion of 28,000 Additional Square Feet of Gaming Space, a High-Rise Luxury Hotel and Multipurpose Event Center Overlooking the Track, and 6 New Horse Barns; In 2017, Oaklawn Was Ranked #5 of all Thoroughbred Racetracks in North America By Horseplayers Association of North America
- 1 Hour West of Little Rock, Which is the Capital of Arkansas and is a Cultural, Economic, Government and Transportation Center Within Arkansas and the South
- Nearby Tenants Include: Valero, Burger King, Subway, Rent-A-Center, McDonald’s, Walgreens, Dairy Queen, Family Dollar and More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,952 SF Hardee’s Located at 249 W Grand Avenue in Hot Springs, Arkansas. This Opportunity Includes 5 Years Remaining on a Sale Leaseback With No Landlord Responsibilities to Begin at the Close of Escrow, Providing For a Great Investment.
In Cooperation With Sands Investment Group Arkansas, LLC - Lic. # PB00085157
Documents:
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Offering Memorandum |
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