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Starbucks | Double Net (NN) Lease Investment

$2,211,462

1225 Albert Pike Road, Hot Springs, AR 71913

Active
Last Updated: 06/01/2021

5.2

Cap Rate

114,996

NOI

Details:
Cap Rate:    5.2%
NOI:    $114,996
Building Size:    2,100 sqft
Lot Area:    0.8 acres
Lease Type:    Double Net
Year Built:    2020
Price Per Sqft:    $1,053.08
Roof & Structure:    Landlord’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • Brand New Construction Long-Term 10 Year Lease – Set to Open Q1 2021
  • Corporate Guarantee From Investment Grade Tenant (S&P: BBB+)
  • Starbucks is the Largest Coffeehouse Chain in the World, Consisting of Over 32,000 Locations in Over 80 Countries Worldwide
  • This Location is Equipped With a Drive-Thru and Retail Facility
  • No Early Termination Option Included in the Lease Agreement
  • Ideal Location For Morning Commuters; Situated at a Signalized Intersection of Albert Pike Road and Wynn Street With a Traffic Count of Over 28,342 VPD; Includes Great Visibility and Prominent Signage on Albert Pike Road
  • Strong Demographics With a Population of 57,720 Residents Making an Average Household Income of $57,959 Within a 5-Mile Radius
  • Just 5 Minutes to the Oaklawn Racing Casino Resort; In 2017, Oaklawn Was Ranked #5 of All Thoroughbred Racetracks in North America By Horseplayers Association of North America
  • Less Than 10 Minutes From the Hot Springs National Park Which Has 47 Beautiful Thermal Springs That Attract Up to 1.5 Million Visitors Per Year
  • Hot Springs is Known For Many Annual Local Events, Including the Hot Springs Music Festival, Hot Springs Documentary Film Festival, Valley of the Vapors Independent Music Festival, Hot Springs Jazz Festival, Hot Springs Blues Festival and Downtown Bathtub Races and the World’s Shortest St. Patrick’s Day Parade
  • Strategically Positioned Next to the Mowrey-Wyatt Plaza, Walmart Supercenter, Trader Bill’s, Sonic, Wendy’s, Walgreens, Valero, Big Lots and Kroger
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,100 SF Starbucks Located at 1225 Albert Pike Road in Hot Springs, Arkansas. This Opportunity Includes Brand New Construction and a Long-Term 10-Year Lease Set to Open Q1 2021, Providing For a Great Investment.






In Cooperation With Sands Investment Group Arkansas, LLC - Lic. # PB00085157

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