Hardee’s | Triple Net (NNN) Lease
$1,913,043
201 N Rock Street, Sheridan, AR 72150
For Sale
Retail
Restaurant
Pending
Last Updated: 05/03/2021
5.75
Cap Rate
110,000
NOI
Details:
Cap Rate: 5.75%
NOI: $110,000
Building Size: 3,099 sqft
Lot Area: 1.03 acres
Lease Type: Triple Net
Year Built: 1990
Price Per Sqft: $617.31
Year Last Renovated: 2018
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility
Highlights:
- Brand New 20 Year Triple Net (NNN) Lease With No Landlord Responsibilities to Begin at the Close of Escrow
- Lease Guaranty is Backed By an Experienced Franchisee With 36+ Units
- Strategically Located as an Outparcel to a Hobby Lobby Anchored Strip Center With Major Retailers Including: JCPenney, Dollar Tree, Shoe Carnival, T.J. Maxx, Ross, AT&T and PetSmart
- This Property Sits on a Strong Corner Lot With Dual Access Off Hwy 331 and E Main St That Sees a Combined Traffic Count of Over 42,645 VPD
- Strong Demographics With a Population of Over 37,850 Residents Making an Average Household Income of $55,930 Within a 5-Mile Radius
- Russellville is Home to Arkansas Tech University, Which is the 3rd Largest University in the State and Serves Over 12,000 Students
- Top Major Employers in Russellville Are: ConAgra Foods, Arkansas Nuclear One, Tyson Foods, St Mary’s Regional Medical Center, Russellville School District, AR Tech University, Walmart, New Customer Service Company and Transco Lines
- Russellville, AR is Essentially the Halfway Mark Between Fort Smith and Conway Along I-40
- Nearby Tenants Include: Walmart Supercenter, Chick-fil-A, McDonald’s, Staples, Mattress Store, Sonic, Tractor Supply, Waffle House, Quality Inn, Western Union and Phillips 66
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,099 SF Hardee’s Located at 201 N Rock Street in Sheridan, Arkansas. This Opportunity Includes a Brand New 20 Year Triple Net (NNN) Sale Leaseback With No Landlord Responsibilities, Providing For a Great Investment.
In Cooperation With Sands Investment Group Arkansas, LLC – Lic. # PB00085157
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