Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Atlanta
$3,507,000
Layne's Chicken Fingers | Benton AR
Details
APN 800-36930-016
Property Type Retail
Sub Type Restaurant
Square Footage 2,218
Cap Rate 6.5%
NOI $228,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 8 (5-Year)
Year Built 2026
Acreage 1.000
Zoning General Commercial
Parking Spaces 33 spaces
Parking per 1,000 SqFt 14.88
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Retail | 6.50% CAP | 2,218 SqFt
Marketing description
• The tenant just signed a brand new 15-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation
• The newly constructed site features a state-of-the-art design with high-quality materials
• Layne’s Chicken has more than 40 locations open with expansion underway, bringing its signature chicken finger experience to communities nationwide
Investment highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Brand New Construction | Growing Brand
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Out-parcel to Kroger | Dense Retail Corridor | Strong National/Credit Tenant Presence | Arkansas Heart Hospital
- Along Hwy 5 (18,000 VPD) | Interstate 30 (103,000 VPD) Excellent Visibility
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Atlanta
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$228,000.00
$19,000.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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