Burger King Absolute NNN Leased in Conway, AR

Highlights:

• New 20 year Absolute NNN Leased offering
• Zero landlord obligations
• Scheduled increases in rent at options
• Strong operator
• Tenant scheduled remodel
• Located in a major retail trade area

Description:

PROPERTY DESCRIPTION
The subject property is a 3,362 square foot Burger King located in Conway, AR. The brand new construction site is operating on a new 20 year lease with 7.5% increases every 5 years. This is an absolute NNN lease with zero landlord responsibilities. The site is ideally positioned and surrounding major retailers include Big Lots, Hobby Lobby, Kroger, AutoZone, Taco Bell and many others.

LOCATION DESCRIPTION
Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three postsecondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.