Starbucks Long Term 10 Year Lease 418 East Broadway Street, North Little Rock, AR Crystal Hills (North Little Rock, Arkansas, US ) Built

$2,686,274 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 1,015 sq. ft.
  • Development Level: Built
  • Lot Size: 0.48 acres
  • Year Built: 2020

Description

Starbucks Long Term 10 Year Lease 418 East Broadway Street, North Little Rock, AR Cap Rate 5.1%

Cap Rate: 5.1%
NOI: $137,000
Building Size: 1,015 sqft
Lot Area: 0.48 acres
Lease Type: Double Net
Year Built: 2020
Roof & Structure: Landlord's Responsibility
Repairs, Maintenance, HVAC & Utilities: Tenant’s Responsibility

DESCRIPTION
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,015 SF Starbucks Located at 418 E Broadway Street in North Little Rock, Arkansas. This Opportunity Includes Brand New Construction and a Long-Term 10 Year Lease That Recently Opened November 16, 2020, Providing For a Great Investment.

HIGHLIGHTS
• Brand new construction long-term 10 year lease that recently opened November 16, 2020.
• 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 the new post covid-19 model with a drive-thru only and is mobile order friendly.
• Located in qualified opportunity zone (“QOZ”) - May be eligible for preferential tax treatment.
• Strategically positioned at the signalized intersection of Broadway Street and I-30 which see a combined traffic count of over 146,500 vehicles per day; includes excellent visibility
and prominent signage on I-30.
• No early termination option included in the lease agreement.
• Outstanding demographics with a total population of 120,322 residents making an average household income of over $66,554 within a 5-mile radius.
• Located directly outside of Simmons Bank Arena, a 18,000 seat multi-purpose arena; It is the main Entert.
• Little Rock, the capital of Arkansas, is home to the William J Clinton presidential library and museum, with exhibits including a replica of the oval office and presidential artifacts;
Little Rock is a cultural, economic, government and transportation center within Arkansas.
• Little Rock, the capital of Arkansas, is home to the William J Clinton presidential library and museum, with exhibits including a replica of the oval office and presidential artifacts;
Little Rock is a cultural, economic, government and transportation center within Arkansas.
• Nearby Tenants Include: Burger King, McDonald’s, Taco Bell, Bank o f America, Greyhound, Valero, Diamond Bear Brewing, U-Haul and Union Pacific

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.