Description

This offering presents an excellent single-tenant investment opportunity with 17 years remaining on the primary term of an original 20-year lease, structured as an absolute NNN with zero landlord responsibilities. The lease features 2.00% annual rent increases, generating an average return of approximately 9.12% over the primary term, and is backed by a corporate guaranty from a private equity-owned and operated company that is on track to expand to more than 50 units by 2026. The property underwent a complete interior and exterior renovation in 2023, enhancing its long-term appeal and performance. Ideally situated in Little Rock, Arkansas, the asset benefits from a dense infill location with a population exceeding 312,000 within a 10-mile radius and strong visibility along Shackleford Road, which sees over 27,000 vehicles daily. The site is further supported by a built-in customer base from several nearby hotels totaling approximately 400 rooms within walking distance, as well as its immediate proximity to Arkansas Heart Hospital, a 112-bed facility operating 24/7. Located just one block from Interstate 430 with traffic counts exceeding 82,000 vehicles per day, the property is positioned within a dominant retail corridor surrounded by major national retailers. Strong local consumer spending fundamentals further support the investment, with food and alcohol representing the top expenditure category within a three-mile radius, accounting for 27.7% of all spending.