Pizza Hut 1202 Military Road, Benton, AR Cap Rate 6% Benton (Jonesboro, Arkansas, US ) Built

$598,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,800 sq. ft.
  • Development Level: Built
  • Year Built: 2000

Description

Pizza Hut 1202 Military Road, Benton, AR Cap Rate 6%

Cap Rate: 6%
NOI: $35,880
Building Size: 2,800 sqft
Occupancy: 100%
Year Built: 2000

Price: $598,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, franchisee guaranteed, freestanding, Pizza Hut investment property located in Benton, Arkansas (Little Rock MSA). The tenant, Heartland Pizza, LLC, recently signed a brand new 10-year lease extension providing 10 years of firm term remaining and demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the term and options with the next one in January 2026, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor.

Pizza Hut is strategically positioned along Military Road, a retail and commuter thoroughfare averaging 24,000 vehicles passing by daily. The asset benefits from nearby on/off ramp access to Interstate 30 (76,000 VPD), a major commuter highway traveling through Benton and serving the greater Little Rock metropolitan area. The site is equipped with a drive-thru, sustaining contactless pick up and mitigating against the spread of Covid-19. The property is complete with multiple points of ingress/egress and a monument sign, providing excellent visibility along Military Rd. Pizza Hut is ideally situated between Benton Square Shopping Center (142,877 SF), Military Plaza Shopping Mall (106,433 SF), and Niloak Shopping center (88,964 SF), which include national credit tenants such as Walmart, The Home Depot, Kroger, Autozone, Dollar General and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for this site. In addition, the asset lies less than 1 mile from Saline Memorial Hospital (161 Beds) and 2 miles from Benton Middle School (1,446 Students) and Benton High School (1,139 Students), providing a direct consumer base from which to draw. The 5-mile trade area is supported by more than 50,000 residents and 15,000 employees with a healthy average household income of $76,000.

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

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Information is deemed to be correct but not guaranteed.