Searcy, AR - Cheddar's

Description:

• Lease is corporate signed by Cheddar’s Casual Cafe Inc.
• Recently signed 10-year lease with 4 (5-year) option periods to extend
• Features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation

• The subject property is located in close proximity to Searcy City Center, a retail hub featuring national/credit tenants such as Five Below, Academy Sports + Outdoors, Ulta Beauty, Hobby Lobby, TJ Maxx, Old Navy, and more
• The site benefits from its position along a highly trafficked corridor with easy access to Interstate 57 and Highway 36, drawing an average of 45,000 vehicles per day
• The tenant benefits from its proximity to Harding University, which has over 4,500 enrolled students
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP0000024uwvYAA