3812 Massard Rd | Fort Smith, AR 72903
Retail | 5.50% CAP | 3,746 SqFt
Marketing description
NAI Heartland is pleased to present a free-standing Whataburger located in Fort Smith, Arkansas. The tenant, Whataburger (WAB Venture, an affiliate of K Mac Enterprises) signed a brand new 20-year lease which will expire in September 2042. The Absolute NNN lease will require zero landlord responsibilities and features 1% annual rent increase to hedge against inflation. These rent escalations are also included in the six, five-year option periods.
WAB Venture is currently expanding and operates ±20 locations at the end of 2025 and intends to build a total of 40 locations over the next few years.
This is an ideal opportunity for an investor to purchase an income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC.
Investment highlights
- 16.6 Year Absolute NNN Lease
- New Construction - October 2022
- Zero Landlord Responsibilities
- 1% Annual Increases Including Option Periods
- 1 Mile Average Household Income exceeds $104,000
- Population is more than 70,000 People within a 5 Mile Radius
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
