Starbucks Double Net (NN) Lease Investment 1225 Albert Pike Road, Hot Springs, AR Cap Rate 5.2% West Hot Springs (Hot Springs, Arkansas, US ) Built

$2,211,462 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,100 sq. ft.
  • Development Level: Built
  • Lot Size: 0.8 acres
  • Year Built: 2020

Description

Starbucks Double Net (NN) Lease Investment 1225 Albert Pike Road, Hot Springs, AR Cap Rate 5.2%

Cap Rate: 5.2%
NOI: $114,996
Building Size: 2,100 sqft
Lot Area: 0.8 acres
Lease Type: Double Net
Year Built2020
Price Per Sqft: $1,053.08
Roof & Structure: Landlord’s Responsibility
HVAC: Tenant’s Responsibility
Repairs & Maintenance: Tenant’s Responsibility

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,100 SF Starbucks Located at 1225 Albert Pike Road in Hot Springs, Arkansas. This Opportunity Includes Brand New Construction and a Long-Term 10-Year Lease Set to Open Q1 2021, Providing For a Great Investment.

HIGHLIGHTS
• Brand New Construction Long-Term 10 Year Lease – Set to Open Q1 2021
• Corporate Guarantee From Investment Grade Tenant (S&P: BBB+)
• Starbucks is the Largest Coffeehouse Chain in the World, Consisting of Over 32,000 Locations in Over 80 Countries Worldwide
• This Location is Equipped With a Drive-Thru and Retail Facility
• No Early Termination Option Included in the Lease Agreement
• Ideal Location For Morning Commuters; Situated at a Signalized Intersection of Albert Pike Road and Wynn Street With a Traffic Count of Over 28,342 VPD; Includes Great Visibility
and Prominent Signage on Albert Pike Road
• Strong Demographics With a Population of 57,720 Residents Making an Average Household Income of $57,959 Within a 5-Mile Radius
• Just 5 Minutes to the Oaklawn Racing Casino Resort; In 2017, Oaklawn Was Ranked #5 of All Thoroughbred Racetracks in North America By Horseplayers Association of North
America
• Less Than 10 Minutes From the Hot Springs National Park Which Has 47 Beautiful Thermal Springs That Attract Up to 1.5 Million Visitors Per Year
• Hot Springs is Known For Many Annual Local Events, Including the Hot Springs Music Festival, Hot Springs Documentary Film Festival, Valley of the Vapors Independent Music
Festival, Hot Springs Jazz Festival, Hot Springs Blues Festival and Downtown Bathtub Races and the World’s Shortest St. Patrick’s Day Parade
• Strategically Positioned Next to the Mowrey-Wyatt Plaza, Walmart Supercenter, Trader Bill’s, Sonic, Wendy’s, Walgreens, Valero, Big Lots and Kroger

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52(81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#442687693
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Information is deemed to be correct but not guaranteed.