Jonesboro, AR - Arby's & Shops

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied 4-tenant strip retail investment property located in Jonesboro, Arkansas. The anchor tenant, Arby’s agrees to sign a brand new 20-year lease with 4 (5-year) options at the end of the escrow. Arby’s operator is growing in the Arby’s system, and currently operates 7 restaurants. Arby’s also features a drive-through, providing easy and convenient access for customers. All leases are NNN in nature with limited landlord responsibilities, limiting expense leakage for a future investor and making it an ideal, low-management investment opportunity.

The Arby’s and Shops retail is located along E. Parker Blvd, serving as a direct on/off ramp to Interstate 555 (37,000 VPD), and connecting to the downtown area. The Arby’s and Shops retail is an out parcel to a Home Depot and adjacent pads, including Waffle House and Sonic. The asset is also near a Walmart Supercenter anchored shopping Center that features many national/credit tenants, including Dollar General, Popeyes, and Jiffy Lube, further increasing consumer traffic to the site. The subject 5-mile trade area is supported by a population of over 45,000 with an affluent average household income of over $100,000 in the immediate 1-mile radius.