Listed by SRS Real Estate Partners New York, SRS Real Estate Partners Atlanta
$3,508,000
Layne's Chicken Fingers | Little Rock AR
Details
APN 53L-015-02-001-00, 53L-015-02-001-01
Property Type Retail
Sub Type Restaurant
Square Footage 2,200
Cap Rate 6.5%
NOI $228,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 8 (5-Year)
Year Built 2026
Acreage 2.260
Zoning PCD - Planned Commercial District
Parking Spaces 33 spaces
Parking Per SqFt 15.00
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/15/2026
Ground Lease No
Ownership Fee Simple
Retail | 6.50% CAP | 2,200 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
• Store sales above average AUV - Contract Broker for Store Sales Data
• Operator is rapidly growing and has a 55-unit development deal with Layne’s
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 Walmart Super-center | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- 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
$0.00
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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