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Paragould, AR - Arby's
1606 W. Kingshighway | Paragould, AR 72450
Description
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Arby’s investment property located in Paragould, Arkansas. The tenant, Hungry Pig Restaurant Operations, LLC, will sign a brand new 20-year lease with 4 (5-year) options to extend at the close of escrow, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Hungry Pig Restaurant Operations, LLC is a growing operator with 7 Arby’s.
Location
The subject property is strategically located along W. Kingshighway (U.S. Highway 412) with a total of 22,000 VPD and a major thoroughfare in Paragould. The
site benefits from excellent visibility via significant street frontage and a large pylon sign. The site is directly across the street from Paragould Plaza, a 121,000 SF neighborhood shopping center with anchor tenants Dollar General and Superior Sleep. The subject property is also very close to the Town West Shopping Center, a 142,000 SF center with anchor tenants Lowes, Harbor Freight, Five Below and more. Other nearby national/credit retail tenants include: Walmart, Aldi, PetSmart, Dollar Tree, CVS, Walgreens, McDonald’s, O’Reilly Auto and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by 34,059 residents and 16,381 employees, providing a direct consumer base from which to draw. The site offers an immediate fast-food option for highway travelers and locals alike.