Overview

Description

Cushman & Wakefield | Sage Real Estate Solutions, LLC, in collaboration with SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Goodman Distribution investment property located in Fort Smith, Arkansas. The tenant, Goodman Distribution, Inc has over 9 years remaining on their initial lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features annual 2.5% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property is located near State Highway 255, which averages 26,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Fort Smith. The site is just east of Interstate 540 (51,000 VPD), a major north/south travelling thoroughfare providing ease and convenience for commutes. Additionally, the subject property’s location provides ease of access to Fort Smith Regional Airport, a local regional airport providing ease and convenience to the tenant and their clients. Furthermore, the asset is positioned south of Fort Smith Pavillion, a 408,000 square foot Target and Dick’s Sporting Goods anchored center. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, T.J. Maxx, Kohl’s, Aaron’s, Ashley Home Furniture, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 82,000 with an average household income of $85,930.

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